My husband inherited his parents MS property split between his siblings 3 ways. There was not enough time between the sale and the Date of Death stepped-up basis to generate a gain or loss. The CPA that filed for the other two siblings concluded the same decision. Those siblings live in MS, so obviously they had to file a state return. Do I have to file a MS state tax return even though I received a 1099-S & live in Texas? This is the only income from MS we've ever received.
I would expect the answer is yes, but I've read all over and not found any information for a zero gain or loss.
Cheers!
