This inherited property would be considered investment property and will be reported on a Schedule D.
Inherited property usually has a stepped up basis which means the basis would be the value on the date of death, as long as there were no transactions prior to death where the property was transferred into your name by gift or sale.
In TurboTax Premier (online or desktop) use these steps after you sign into your account.
This inherited property would be considered investment property and will be reported on a Schedule D.
Inherited property usually has a stepped up basis which means the basis would be the value on the date of death, as long as there were no transactions prior to death where the property was transferred into your name by gift or sale.
In TurboTax Premier (online or desktop) use these steps after you sign into your account.