rbynaker
Level 14
09-21-2023
12:29 PM
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I think the Home Sale Wks is just for sales of a principal residence. I would delete all of that and just report this on Form 8949 Part II, Check Box (F). In ProSeries I think you have to pretend you have a 1099-B, enter the sale that way and then indicate the sale was NOT on a 1099-B (which seems anything but INTUITive!)
A few tidbits, the holding period for inherited property is Long-Term. If there was personal use (i.e. some family member lived their after the deceased passed) and there's a loss it's probably a personal non-deductible loss so you may need to make an "L" adjustment in columns (f)/(g). If it was unoccupied while being cleaned out and sold you may have a deductible capital loss. Gains are taxable.