Hi, I inherited my mother’s home as the sole beneficiary and also the executor of the will.
The house is paid off and the prices go for around $250,000-290,000. I will be selling the house quickly as soon as the summary probate is completed. I hired and an appraiser to provide the stepped up basis at Time of death.
Question- Is the appraisal fee, title fees such as title insurance for buyer, title search, state document fee/taxes, title office fees, HOA fees, house taxes, insurance for home, and utilities
Can be included in basis? Also what about probate costs for filling out the paperwork and the courts filing fee?
Just want to make sure also the only form I fill out for the sale of the home is IRS form 8949
in the year sold?
