Inherited Home Sale

[LA2025]

Hello,

I sold a 2nd home in 2022.  (Side note, just for some background - this was a home I inherited a decade ago and was not used as a primary residence, so I'm entering all of my information for this home sale into the "Investment Income" section of Turbo Tax.)

From my research it looks as though I can include the probate cost (probate had no other purpose than to get the house into my name) and the home appraisal (used to determine the step-up cost basis) in the "Cost or other basis" field. 

Correct? ....I can include the probate cost and the appraisal in my cost basis?

Thank you.

[M-MTax]

Add transfer and appraisal fees to your basis if you paid them to get the deed in your name.

[LA2025 · Accepted solution]

Thank you.