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a-varisco
New Member

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?

 
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1 Reply
JulieR
Expert Alumni

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?

No. Inherited property is considered "long term" regardless of how long it is held.  See the following Recommended Answer for more information about this topic.https://ttlc.intuit.com/replies/5663326

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