RobertB4444
Expert Alumni

Deductions & credits

Before you file here are a couple of steps -

 

1. Delete the Georgia return.  I don't think you're going to owe any taxes to Alabama but in case you do Georgia will give you a tax credit for them.  So you want to do the Alabama return first.

 

2. Go back to your personal info section and where it says "did you earn money in another state?" you will say yes and put Alabama.

 

3.  Now the software will generate an Alabama non-resident return as well as a Georgia resident return.

 

4.  Remember these extremely important things about the sale of inherited property-

 

If the property was sold within six months of his father's death there is no gain - enter the sales price as the basis.

 

If the property was sold more than six months after his father's death the gain - if there is any - is likely to be minimal.  Put the value of the property at his father's date of death as the basis (Or the value from six months after his death, whichever is higher).

 

 

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