Level 15
03-29-2023
06:48 PM
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Oh good, that makes it easier.
Sale of an inherited home will go on Sch D, use the 1099B worksheet and just skip over the brokerage section, to the entry table.
Use Inherited as the date acquired, that will make it Long term, put the sales price as the gross proceeds and the basis (FMV at date of death+ any cost of sale) in the Cost Basis box.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪