turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Inherited property sale

Hi,

 

I am able to enter inherited property sale in Turbo tax when I chose "Inherited" from dropdown, it does not ask me acquisition data, which then prevents NJ return e-filing. Turbo tax is giving a message that due to inherited in Federal return, NJ return must be mailed. Is there a solution to e-file NJ return?

 

Turbo Tax Deluxe Windows desktop version.

 

Thanks!

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
DavidD66
Employee Tax Expert

Inherited property sale

Instead of indicating that you inherited the property you could indicate that it was gifted to you or that you bought it.  You can then use the date of inheritance as the acquisition date.  However, if you do this and you held the property less than a year it will be treated as short-term.  I recommend you stick with inherited, e-file your federal return and print and mail your New Jersey return.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question