cmv261
Returning Member

Sale of Inherited Property - Tax Question

Hi

 

My mother passed 10 years ago and her widowed husband decided to sell their house in 2021.  The proceeds were split 50/50 between her widowed husband (50%) and me and my two sibilings (50%).  Which TurboTax program would work best for this situation?  Also, the tax will be on the difference between what the home was valued at the year she passed and the sale price, yes?