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wjstewart
New Member

If I have capital gains on the sale of a house I inherited above its value at time of death, how do i report that?

 
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JulieCo
New Member

If I have capital gains on the sale of a house I inherited above its value at time of death, how do i report that?

When you are entering the house sale, you will be asked if this is a property that you inherited.  Then you will be asked for the date you inherited the property and the basis at time of death.   See sample screenshots attached, plus use the steps below to be brought to this entry section of TurboTax:

https://ttlc.intuit.com/replies/4241480


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1 Reply
JulieCo
New Member

If I have capital gains on the sale of a house I inherited above its value at time of death, how do i report that?

When you are entering the house sale, you will be asked if this is a property that you inherited.  Then you will be asked for the date you inherited the property and the basis at time of death.   See sample screenshots attached, plus use the steps below to be brought to this entry section of TurboTax:

https://ttlc.intuit.com/replies/4241480


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