Yes. Assuming you were the sole heir and the estate is settled, the property is now legally yours (even if the county hasn't recorded the transfer yet). Any income and expenses after her passing should be reported on Schedule E of your return.
The easiest way to find Schedule E in TurboTax for Desktop is to open your return and use the Search box at the top right side of the TurboTax header. Click on the magnifying glass, type in "Schedule E", hit Enter, and click the "jump to" link to go directly to beginning of that topic.
In TurboTax Online, go to Tax Tools in the left column >> Tools >> Topic Search. Type in your topic, click the topic in the list and then GO to go directly to the start of that section.
Other details you may need:
- There are no gains or losses when you inherit property, though there may be when you sell it.
- When you add the home as a rental asset for the Rental Property, your basis is generally the fair market value (FMV) on the date of death or on the alternate valuation date if the executor chose to use an alternative valuation.
- When you inherit property, you are considered to have held the property longer than 1 year, even if you choose to sell it before a year has passed.
Additional References:
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