Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

What worksheet or form do I use to report a gain on Schedule D for the sale of inherited appreciated land?

gjgcary
Level 1
I know how to calculate the gain. I just need to know how to place it on Schedule D.
0 Cheers
3 Comments 3
George4Tacks
Level 15

Same as stock, buildings, race cars, .... Screen 17 DISPOSTIONS 

Look for the last check box in the 1st section □ Inherited property with stepped up basis


Answers are easy. Questions are hard!
gjgcary
Level 1

Thanks, George4Tacks,

I use ProSeries. I used the  ProSeries 1099-B worksheet provided to enter the information on Form 8949 for Schedule D. I get confused on what form to use to get information to Schedule D, not the transaction itself. The 1099-B worksheet isn't used for reporting only Form 1099-B information and Form 8949 is also used by IRS to reconcile 1099-S information as well as Form 1099-B information. 

gjgcary

0 Cheers
George4Tacks
Level 15

Next time be sure to select ProSeries before you write your question. This question is under Lacerte.

I hope this will help you, if not post another question at this link

https://accountants.intuit.com/support/en-us/help-search?document_type=Articles&filter=ProSeries%20B...


Answers are easy. Questions are hard!