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Level 3
April 11, 2021
Question

Inheritance worksheet

  • April 11, 2021
  • 2 replies
  • 36 views

Why ProSeries software has no inheritance worksheet, anybody know?

Thanks.

This topic has been closed for replies.

2 replies

Just-Lisa-Now-
Intuit Community Champion
April 11, 2021

You may want to explain better....what kind of worksheet would you need for inheritance?  Is this for a particular state?  What kind of situation do you have?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
omnk2000Author
Level 3
April 11, 2021

Thanks for responding, I have a client  that he inherited property from foreign country and he wants to report it on his 2020 tax  return , I was trying to do his return but I could not find any place on Pro Series software for inheritance ,and there is no mention of inheritance on schedule D and B.

Thanks.

PATAX
Level 12
April 11, 2021

Inherited property from a foreign country is a very unique and rare event... you cannot expect Pro Series or any other tax software to spend vast amount of resources and time and money dealing with issues like this ....Just my opinion.

BobKamman
Level 15
April 11, 2021

Did your client inherit cash, or property that he then sold?

omnk2000Author
Level 3
April 11, 2021

Property.

Thanks.

sjrcpa
Level 15
April 11, 2021

Then that's a Schedule D/8949 transaction. Basis = date of death value. Long-term. Inheriting it doesn't make it unique.

The more I know the more I don’t know.