MarilynG1
Expert Alumni

After you file

If you inherited a home from your dad, then sold it, click this link for info on reporting the Sale of an Inherited Home.

 

If you had a Capital Gain on the sale, this would be reported on Schedule D and would increase your taxable income, as you mentioned.

 

It is possible that the amount of your Capital Gain is being taxed at 0%, so your tax amount did not increase. 

 

Click this link for more info on How Capital Gains are Taxed

 

 

 

 

 

 

 

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