turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes & Forms (2024) on Mar 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How can I change form 8949 to list transaction as short-term instead of long-term? (Sale of inherited home; held for less than one year; sold for loss.)

TT asks for date sold, but not date acquired.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
rjs
Level 15
Level 15

How can I change form 8949 to list transaction as short-term instead of long-term? (Sale of inherited home; held for less than one year; sold for loss.)

A sale of inherited property is always treated as long-term, no matter how long you actually owned it.

 

How can I change form 8949 to list transaction as short-term instead of long-term? (Sale of inherited home; held for less than one year; sold for loss.)

Thanks.

 

I found this, in case anyone sees this in the future:

https://www.irs.gov/pub/irs-pdf/p559.pdf#page=14

Holding period. If you sell or dispose of inherited property that is a capital asset, the gain or loss is considered long-term, regardless of how long you held the property.

(This pub link presently shows a prior tax year, but the draft version of the form for the current year contains the same language.)

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question