Inherited House

[Christian]

A client's wife inherited a house which she and husband lived in for a number of years. They then bought another house and basically let family use the inherited one for a number of years. Last year she sold it and since the couple has not lived there in eight to ten years it cannot be sold as their residence. I will show it as an inherited house using the basis as of the date of her father's death and add any improvements made by them since he passed on. This seems correct to me but as usual any input is appreciated.

[Yardley CPA]

That's how I would do it.  

[TAXMAN]

I am inclined to do same.

[Sara EA]

Me too.

[grandmabee]

Yes,  that is the way I would also do it.