skeramidas
Level 4
‎12-07-2019 03:00 AM

Inherited home from deceased parent.  Many expenses to make home salable. Where can I list these expenses and make sure it shows up on Schedule D at long-term loss (inherited)

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Just-Lisa-Now-
Level 15
Level 15
‎12-07-2019 03:00 AM

Top of Schedule D is a Quick Zoom button to sell inherited property.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

View solution in original post

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garman22
Level 13
Level 13
‎12-07-2019 03:00 AM
Can you believe in the 20+ years using this software that I've never paid attention to that. I never saw the inherited portion. I've always entered directly to schedule D. Cool!!
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Just-Lisa-Now-
Level 15
Level 15
‎12-07-2019 03:00 AM
LOL   I use worksheets whenever possible!

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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garman22
Level 13
Level 13
‎12-07-2019 03:00 AM
Im going to try that on my next inherit. Worksheet is long tho. :smile::smile:
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skeramidas
Level 4
‎12-07-2019 03:00 AM
Thanks for the help!
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sjrcpa
Level 15
‎12-07-2019 03:00 AM

Add them to the basis.


Ex-AllStar
skeramidas
Level 4
‎12-07-2019 03:00 AM
I added them to the basis, but is there a worksheet or do I just go to Sch. D
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skeramidas
Level 4
‎12-07-2019 03:00 AM
change short term to long term, is there someplace to indicate it was inherited property
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sjrcpa
Level 15
‎12-07-2019 03:00 AM
I don't use ProSeries so I don't know.

Ex-AllStar
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garman22
Level 13
Level 13
‎12-07-2019 03:00 AM
Just show "inherited" for date acquired and it will auto show LT.
cajunlady
Level 2
‎02-13-2021 10:50 AM

DID THEY TAKE OUT THE WORKSHEET FOR INHERITIED PROPERTY?  CANT FIND IT ANYWHERE??

 

ALSO LOOKS LIKE THEY REMOVED THE WORKSHEET THAT MADE IT EASIER TO ENTER ALL THE STOCKS THAT WERE SOLD????

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