I have called support twice on this and no one can answer the question. It was great last year. I cannot find where to enter the info for the sale of an inherited home. Last year we could enter date of death, address , basis , closing costs etc. I cannot figure out how to do it this year. anyone find it???
last year they had a real nice worksheet to put in date of death, address or home , basis, but that worksheet is gone. And I agree, it would be nice if they hired people that knew something about taxes and the tax program. I have yet talked to one that had any clue about either. 🙄
They're not supposed to know about taxes, and we're supposed to know enough about Schedule D that any sale can be shown. There is nothing special about an inherited house that makes it different from a Mustang kept in the garage for 30 years, or a coin collection.
Sounds like a worksheet that belonged in Turddotaxx. As tax professionals, we shouldn't need to be spoon fed something as basic as the sale of inherited property.
were able to put lots more information on the worksheet. of course we can just throw figures on the D but I appreciated being able to put more info on the worksheet.
they arent supposed to know about taxes ??? really ???how can they know the software if they have no basic knowledge of taxes. good grief, thats just common sense.
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"Level Up" is a gaming function, not a real life function.
Personally I don't see the big deal. Enter description, date acquired, date sold, cost or other basis & exps of sale and sale price.
None of the other stuff is needed.
But that's just me (Just my opinion 😀). Seems to be tripping up a lot of people this year.
You just enter it like any other capital sale. Included your cost of sale in with the basis so that the selling price matches any 1099-S (you can open the supporting statement in the Basis box to list it all individually if youd like).
It ain't that tough. I don't get why why the multitudes were so perplexed by it this year. Wait until they find out that in order to log into their program next year, you have to solve an online Rubik's cube. Or maybe that isn't true and that was just a rumor started by some pot stirrer 🤣