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Thread: Sale of inherited residential real property

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    Join Date
    Aug 2010
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    13

    Default Sale of inherited residential real property

    It appears that if there is a loss on the sale (using the Dec 2009 appraisal date for cost) that it is not deductible ($39000); form 4797 will show 0 and Sched D will not be used. Correct? Thank you.

    Used as rental property Dec 2009-March 2012.
    Last edited by Dale Watkins; 09-13-2012 at 03:07 PM. Reason: answer David1980

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