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Get your taxes done using TurboTax
Yes, my older brother owned 1/3 and his only son inherited that and a portion of my mom's 2/3rds. There was a Will and we filed with the Register of Wills in Pa. We paid the 4.5 percent but had to estimate the house since my brother was still living there. We estimated the house using Redfin at 292,000- so 2/3rds of that -195000 is what we paid the state of Pa in inherited tax. I just need to know what I have to enter in the box "fair market value when previous owner passed away" in TurboTax.
May 10, 2024
11:03 AM