thanks everyone for the answers, I hope to have more clarity on some points:
a) when you speak of owner at the beginning. I owned parts of the properties already before my dad died, I received my part of his own. Does it make any difference to my situation?
I know there is no tax involved. I am not sure how the"gift tax" nomenclature came in to the topic.
c) so basically when I do form 8949 at the acquired date I would have to put the date of the passing of my dad, for part of the property, and the date of the passing of my mother, for another percentage of the property?
I do not understand the no need of reporting statement, for the real estate. Does it go in the form 3520 or not? because I believed it did not go there in the beginning so I did not file the form in 2023. Although as I said before selling I had to produce a notarized transcribed acceptance of the inheritance to guarantee I was the owner . This was in 2024 and the same day I sold the property to the buyer.
So my biggest concern is.. did I miss the deadline?
I received cash from the bank in 2024. So I was prepared to file the form 3520 for 2024, but I did not understand the possibility to include the real estate. If the document I had to produce to sell the property makes me the guaranteed owner of the property, then I should be fine and just file the form in 2024 with that date. But I cannot use that date then on the form 8949 as acquired date for the capital gain... there was no gain in any case..it was a loss considering both the passing of my mother and of my dad whatever date I write on the form
I hope for more clarity, but mainly peace of mind, because it is taking a toll on my health
