I get conflicting answers about reporting sale of an inherited property. Is it a sale of "other" in investments or "sale of second home"? How do I reflect commissions?

[donnajeancoats]

I am not sure what to do with the sale of an inherited property.  My 1099-S reports a gross amount.  I need a net amount. 

Is this an investment sale under "other"?  I find responses that indicate that I should put it under "second home" if it is an inherited home?  This was not ever used for my personal use. 

There is a capital gain (not a loss) on the sale.  I would like to offset the gain with real estate commissions paid, etc. 

[AnnetteB]

This type of sale is reported as a sale of an asset that will be reported on Schedule D for capital gains.  Using TurboTax, take the following steps to get to that section of your program:

• Using the search box in the upper right corner, type “inherited home – home sale”.  Then click Find.
• The search results will show a link to Jump to inherited home – home sale.  Click that link.
• This will bring you to the correct section in the program.  Answer the question about selling an investment with Yes.
• Answer the question about receiving a 1099-B with No.
• Unless you did use the property as a second home, choose Everything Else as the type of investment sold (not Second Home).
• Proceed with the interview and answer the questions reporting only the net proceeds of the sale.