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New Member

Inheritance from sale of home

my mother in law passed in 7/16 and my wife and 3 siblings sold her house in 11/16 for a small loss. Can I file this with TT deluxe or do I need to upgrade? Thanks
1 Reply
Intuit Alumni

Inheritance from sale of home

For a sale of inherited property, you will need to upgrade to TurboTax Premier online edition to complete the transaction. 

These are entered in the investment section of TurboTax. Please follow these instructions:

1.       After sign into your account, select Take me to my return 

2.       At upper right corner, search for this exact phrase: sold second home

3.       In the search results, click Jump to sold second home 

4.       Answer Yes on the screen, Did You Sell Any Investments? 

5.       Follow prompts to upgrade

6.       Follow the on-screen instructions to completion- on screen, Choose the type of investment you sold - select Second          Home

7.       Fill out screen Enter Second Home Sale Information

8.       On screen Tell Us How You Acquired This Home, select Inherited to continue

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