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Received inheritance from sale of deceased parents' farm. Total amount of sale was less than appraised value of farm at death. Do I need to report for capital gain/loss?
Me and my 2 siblings received inheritance from the sale of our deceased parents' farm. I understand that the inheritance isn't taxable for federal or state (KY) tax but I am concerned as to how it should be reported (if needed).
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May 31, 2019
9:50 PM