Daughters' single Mother passes away and leaves her the house. She transfers to her name
and sells it about 3 months later for 140.000.00. Receives 1099-S in her name & SS-#.
DOD & sale date value are virtually the same. Should this be listed on Schedule D or 4797?
AND, can the expenses of sale from the SS be deducted thus creating an approximate $8000.00
Capital loss or a loss without the $3000.00 limit? Software will populate "Inherit" as acquisition date
when prompted.