fpc
Level 4

Handling of Disclaimer of inherited Real property

I submitted a Qualified Disclaimer to the Executor of a Will to relinquish my rights to the inheritance of real property (a house and the land on which it is on) in Mississippi.  There was no Trust involved.

 

I submitted the Qualified Disclaimer form 14 months after the death of the testator.  So I missed the 9-month deadline.

 

I know there is an IRS consequence, but I don't know what form(s) to complete.  It seems IRS section 2518 is involved. But I did not find what appears to be an appropriate form in TurboTax Home and Business.

 

Help appreciated.  Thank you