How do I enter an inherited investment property sale?

Menu Path: Income > Common Income > Investments and Savings (1099-INT/DIV/B/DA)

If you sold inherited investment property in 2025, you can enter the sale in Stocks or Investments Sold in the Common Income section.

If you sold the inherited property for a loss, you can claim a capital loss deduction if all of the following are true:

• The sale was a transaction where you didn't have a business relationship with the buyer.
• You sold the property to an unrelated person.
• You didn't use or convert the property for personal purposes.

Whether you sold inherited property for a gain or a loss, make sure to only enter your portion. For example, if you and three siblings inherited equal shares of a property that you sold for a gain, you'd split the gain four ways.

If you sold inherited investment property to a related party for a loss in 2025, FreeTaxUSA doesn't support this situation. You'll have to file with another tax software for 2025.