Question

Property sale

We sold an inherited piece of property. It was transferred to us so we could close my wife’s mom’s estate. Where do I put this in Turbo Tax.

If it was not used for rental purposes, see below.

TurboTax Online

Click on Federal > Wages & Income
In the Investment Income section click on the Start/Revisit box next to Stocks, Mutual Funds, Bonds, Other. If you have already entered some investment sales, you will see a screen Here's the investment sales info we have so far. Click on the Add More Sales link.
If you haven't yet entered some investment sales, you will see a screen Did you sell any investments in 20XX? Click the Yes box.
On the screen, OK, what type of investments did you sell? mark the Other box and click Continue.
When you get to the screen, Now we’ll walk you through entering your sale details enter the details of the sale. You will be able to select the type of investment in the first box (second home, land, etc.)
Enter the requested information and click Continue when done.