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How do I enter sale of my primary home I bought with an unrelated person who died 35 years ago?

I bought a house, on a 50%-50% basis, in joint tenancy with a right of survivorship and lived in it with a non-relative who died 11 years later. I then owned 100% of the house. I had the house appraised at the time of death and have all the documentation of original closing and estate tax return.  I lived in the house as my primary residence for 35 more years and sold it in 2022. My cost basis for the house I just sold is in two parts: 50% of the original purchase and 100% of the inherited basis (plus legal costs), plus improvements I made. I am entitled to the exclusion for selling a primary home I've lived in for 46 years. How do I enter/report this in Turbotax?

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How do I enter sale of my primary home I bought with an unrelated person who died 35 years ago?

go through the home sale worksheet, you can go through the basis calculation sub worksheet or just enter what you compute as tax basis.. then answer the questions about home ownership and occupancy and you'll get your home sale exclusion. there is no requirement to indicate that part of your basis was due to inheriting it. just keep the documentation you have. 

 

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