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Get your taxes done using TurboTax
Yes, the sale of an inherited home is treated as the sale of an investment, if you inherited the property from your mother.
Use the 'stepped up' Cost Basis of the home (FMV at date of death) in calculating any Capital Gains.
Here's more details on reporting the Sale of Inherited Home.
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‎February 27, 2024
2:21 PM