topic I am adding an inherited property. We held the property less than a year, however TT is saying it is a long term loss. Shouldn't it be short term? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-am-adding-an-inherited-property-we-held-the-property-less-than-a-year-however-tt-is-saying-it-is-a/01/174628#M23385 Sat, 01 Jun 2019 15:32:07 GMT a-varisco 2019-06-01T15:32:07Z I am adding an inherited property. We held the property less than a year, however TT is saying it is a long term loss. Shouldn't it be short term? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-am-adding-an-inherited-property-we-held-the-property-less-than-a-year-however-tt-is-saying-it-is-a/01/174628#M23385 Sat, 01 Jun 2019 15:32:07 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-am-adding-an-inherited-property-we-held-the-property-less-than-a-year-however-tt-is-saying-it-is-a/01/174628#M23385 a-varisco 2019-06-01T15:32:07Z No. Inherited property is considered "long term" regardle... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-inherited-property-is-considered-long-term-regardle/01/174635#M23386 <P>No. Inherited property is considered "long term" regardless of how long it is held.&nbsp; See the following Recommended Answer for more information about this topic.<A href="https://ttlc.intuit.com/replies/5663326" target="_blank">https://ttlc.intuit.com/replies/5663326</A></P> Sat, 01 Jun 2019 15:32:42 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-inherited-property-is-considered-long-term-regardle/01/174635#M23386 JulieR 2019-06-01T15:32:42Z