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Get your taxes done using TurboTax
If the title to the house was in your mom's name, then her estate acquired the house (for tax purposes) when she died. The sale should be reported on Form 1041 by the estate. There should not generally be a tax on the sale since the basis of the house is marked-to-market at death. That is, if the estate sells it before the house appreciates further there is no gain or loss.
March 25, 2024
5:06 PM