Selling an inherited home

[gabckmyr]

Turbo tax is telling me that I can't take a loss on selling an inherited home because it is personal-use property. My mother died and left home to me, I never lived in it and it was sold (to a stranger) less than 2 months after her death. I thought that the fees involved in selling the home ( commission, title fees etc) would decrease the basis and create a capital loss but it doesn't do that in turbo tax premier. What am I doing wrong in the program or is my understanding of this incorrect?

[tagteam]

Don't indicate that the home is a "second home" in the program or otherwise held for personal use.

[gabckmyr]

So when asked "what type of investment did you sell?" Drop down menu lists options- what should I choose "other"? There is no other option for real estate except second home or land.

[tagteam · Accepted solution]

You can select "Other" or "Land (other investment purpose)".