Hal_Al
Level 15

Deductions & credits

@vkri2  said "I'm unsure what the value was in 2017 when she passed but I'm sure it was MORE than what I sold for. "

 

Your next question should be: is the capital loss deductible?

 

A capital loss on personal use property is NOT deductible.  A capital loss on investment property is deductible.  An inherited home, that sits idle, between inheritance and sale, is considered investment property.