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glsouter
Level 1

Real Estate Inherited from Life Estate

I just inherited and sold a home that was held in a life estate.  I held the deed to the home in our Family Partnership, LLC.  In filing my tax return using TurboTax Business 2024 I think I should be reporting it as an "Asset Disposal" and NOT reporting it through "Rental Real Estate Disposition"  - CORRECT??

Thanks.

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‎November 18, 2024 8:04 AM
last updated ‎November 18, 2024 8:04 AM
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Anonymous_
Level 15

Real Estate Inherited from Life Estate

 

View solution in original post

‎November 18, 2024 8:08 AM
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Anonymous_
Level 15

Real Estate Inherited from Life Estate

 
‎November 18, 2024 8:08 AM
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glsouter
Level 1

Real Estate Inherited from Life Estate

Thank you!!!

‎November 18, 2024 8:43 AM
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