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How do I enter proceeds from the sale of cemetery property?

My mother inherited cemetery plots from her husband who died in 2015.  Title to the plots was transferred to her in 2016.  Two plots were sold in 2018 by a broker.  Should she declare the proceeds as a sale of investment property since there was no personal use of the plots?

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Accepted Solutions

How do I enter proceeds from the sale of cemetery property?

Yes, she would show the sale under investments.  Her cost basis would be the value when inherited in 2015, based on value at date of death. .

To enter your Investments sold

Click on Federal Taxes
Click on Wages and Income
Click on I'll choose what I work on
Scroll down to Investments
On Stocks, Bonds, Other, click the start or update button


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2 Replies

How do I enter proceeds from the sale of cemetery property?

Yes, she would show the sale under investments.  Her cost basis would be the value when inherited in 2015, based on value at date of death. .

To enter your Investments sold

Click on Federal Taxes
Click on Wages and Income
Click on I'll choose what I work on
Scroll down to Investments
On Stocks, Bonds, Other, click the start or update button


How do I enter proceeds from the sale of cemetery property?

Any costs to sell should also be entered.
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