MarilynG1
Expert Alumni

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

 

Sorry for your loss.

 

@AMWS 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"