Hello I need help in filling out form 8949 for an inherited house I received from my mother.
I live in the state of Florida
Mom passed away in August 2022
House sold in January 2023
The house sold for $275,000
house did not have a mortgage was paid for.
The house was vacant until sold.
Mom was sole owner.
I had a day of death appraisal done on August 2022 which was $245,000
Water heater needed to sell house was $587
settlement costs $24618
on form 8949
A- Description of property- I put down address
B- Date acquired - I put Inherited
C- Date sold 01/27/23
D- Proceeds $275,000
This is where I’m stuck their is
E-Cost or other Basis
F-Code
G-Amount of Adjustment
H- Gain- $4,795
Question where do I plug in the Appraisal of $245,000
Settlement costs of 24,618
water heater $587
Any information would be grateful
Peter
