Sold inherited house where would I put the fees paid that show on the HUD form?

I inherited a house, transferred into my name, sold the house in 7 months. I have a 1099-S that shows the amount of sale and a HUD document that shows the costs we incurred. For instance, Government Recording and Transfer Charges and property taxes from January - May. At the very least, I would assume the property taxes should be deductible but I don't know where to put them in Turbo. Can you advise?

Thanks

267

Expert Alumni

Feb 21, 2024 10:55:24 AM

You add all of the costs you mention to the cost of the property and enter that as the cost of the property when you report the sale of the property.

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Sold inherited house where would I put the fees paid that show on the HUD form?