Sale of Inherited Principal Residence

[BobKamman]

So, is it too much to ask that the "Home Sale Worksheet" allow entry of "inherited" instead of a purchase date?  They lived in it four years after his sister left it to him. 

Well, OK, it's easy enough to override.  At least on a paper 8949.  

[sjrcpa]

Does it really matter?

[Just-Lisa-Now-]

Using INHERITED just makes it Long Term, if they lived there 4 years, its already long term.

[BobKamman]

Does anything really matter?🤔

When the form asks date purchased, and it wasn't purchased, and for stock sales it allows "inherited," it's just annoying.  

[Accountant-Man]

It's also annoying that the Sch D in the 1040 program asks for inputting the Date Sold first then the Date Acquired (left to right), but in the 1041 program Sch D is reversed.

All in the same program, Pro Series.

[IRonMaN]

"When the form asks date purchased, and it wasn't purchased, and for stock sales it allows "inherited," it's just annoying."

You are absolutely correct.  They should also allow an entry for either stolen or swindled ---------- just so folks with shady clients can get the return as correct as possible.  😬