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New Member

Sale of inherited property

unable to get to that section of the tax questions by search
1 Reply
New Member

Sale of inherited property

The sale of inherited property is entered in the investment section of TurboTax. TurboTax Online Premier supports investments. Follow these instructions:

  1. Open your return in TurboTax.
    (To do this, sign in to TurboTax and click the orange Take me to my return button.)
  2. In the search box, search for sold second home (use this exact phrase) and then click the "Jump to" link in the search results.
  3. Answer Yes on the Did You Sell Any Investments in 2016? screen.
    • If you land on the Here's the investment sales info we have so far screen, click Add More Sales.
  4. Answer No to the 1099-B question.
  5. On the next screen, select Second Home (choose this also for inherited homes) or Land. Click Continue.
  6. Follow the on-screen instructions to completion.

Additional information: Do I need to report inherited property or land?

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