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Get your taxes done using TurboTax
You will report the sale of your home, not your main residence, as discussed in the FAQ, Where do I enter the sale of a second home, an inherited home, or land?
Since you inherited your home, your basis in the home will be the number you use for "original cost." For death’s in any year except 2010, your basis is the fair market value of your home on the date of your parent's death, or on the alternate valuation date if the executor of the estate elected to value the estate's assets as of six months after the owner's death. Check with the executor of the estate, who should be able to provide you with information about the basis of your home. Please see, Tax Aspects of Home Ownership: Selling a Home, for more info.
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February 25, 2019
6:00 PM