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However, I am not sure I understand what you mean.

I mean that TurboTax is not the law. For that matter, neither are Publications and Instructions, but they carry more weight than do TT's programmers.

From your original post it appears that your sale of gifted property falls in that netherworld where there's no taxable gain or loss. Thus, unless IRS is telling you to do something else (I don't see anything on a quick look at 550 and 551), enter a basis equal to the proceeds. This produces a zero gain or loss on your Schedule D, which is what the law says you have. There's no need to override anything.

Phil Marti
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