cajacks1
Expert Alumni

Get your taxes done using TurboTax

Hello! Since your father lived in the home for more than 2 years, he can exclude up to $250,000 of the gain from the sale of his home! That means that only 10,000 (360,000 sale price-100,000 cost) will be taxable.

 

https://www.irs.gov/taxtopics/tc701