MarilynG1
Expert Alumni

Get your taxes done using TurboTax

This link has general info on preparing an Estate Tax Return.

 

You may be able to transfer the funds into individual IRA's, depending on the will and other factors.  

 

Click this link for discussion on IRA Beneficiary is Estate. 

 

Any repairs you make to an inherited home can be added to the cost  basis of the home, since it is considered investment property at this point. 

 

Click this link for discussion on Repairs on Inherited Home.

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"