Unlike other capital gain transactions, you cannot enter the word "Inherited" as the Date Acquired on Form 6252 Installment Sale Income.
However, since the sale of inherited property is treated as long-term regardless of the actual holding period, you may leave the Date Acquired blank. This is not required for Form 6252.
The TaxAct program will report the sale on Schedule D (Form 1040) Capital Gains and Losses as a long-term transaction.
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