Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- where and How do I input the sale of an inherited home at fair market value with selling expense. I couldn't get the right information back
where and How do I input the sale of an inherited home at fair market value with selling expense. I couldn't get the right information back
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
1 Comment 1
Just-Lisa-Now-
Level 15
yesterday
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I use the 1099B worksheet at the top of Schedule D, just skip over the brokerage info at the top, scroll down to the capital gain entry table, if you put Inherited as the purchase date it will automatically make it long term.
Under the Sales Price you put what's on the 1099S, Cost Basis you put the FMV at DOD + any selling expenses
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
