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GodFather
Intuit Community Champion
April 15, 2023
Solved

Sale of Inherited Home

  • April 15, 2023
  • 2 replies
  • 32 views

I'm having brain freeze here and being somewhat new to ProSeries, I'm not quite sure where to enter this.  I have a client who inherited a home from their deceased Mom.  The home was never rented and was sold after one year.  I believe this should be reported on form 8949 and Schedule D but I'm ending up on the Home Sale Worksheet.  "Use this worksheet to calculate gain or loss on the sale of a main home".  Am I correct in saying this is not their MAIN home.  Can someone provide guidance on HOW to enter this sale?  Thank you. 

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Best answer by dkh

Use Schedule D - 1099-B worksheet     for date acquired use INHERITED

2 replies

IRonMaN
Level 15
April 15, 2023

Just go directly to schedule D worksheets and ignore the home sale worksheet.  

And then go sit someplace warm so your brain can thaw.

Slava Ukraini!
dkh
dkhAnswer
Level 15
April 15, 2023

Use Schedule D - 1099-B worksheet     for date acquired use INHERITED

GodFather
GodFatherIntuit Community ChampionAuthor
Intuit Community Champion
April 15, 2023

Thank you, Iron!

IRonMaN
Level 15
April 15, 2023

👍

Slava Ukraini!