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Please see the information on how to enter the sale of an inherited home. You would report 1/5th of the sale proceeds. Please pay special attention to the cost basis of the property.
The sale of an inherited home is entered in the investment section of TurboTax. Follow these instructions:
The basis of property inherited from a decedent is generally one of the following:
Report the sale on Schedule D (Form 1040), Capital Gains and Losses, and on Form 8949, Sales and Other Dispositions of Capital Assets:
Please see the information on how to enter the sale of an inherited home. You would report 1/5th of the sale proceeds. Please pay special attention to the cost basis of the property.
The sale of an inherited home is entered in the investment section of TurboTax. Follow these instructions:
The basis of property inherited from a decedent is generally one of the following:
Report the sale on Schedule D (Form 1040), Capital Gains and Losses, and on Form 8949, Sales and Other Dispositions of Capital Assets:
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