Thanks for a rather clear response to my question. I have just one thing that maybe you could clarify:
Inheritance is NOT taxed at the Federal level. Is this correct?
If this house WAS sold 9 months after death, and I enter the 1099S, will I probably have to pay tax the the IRS? I will follow your instructions provided earlier, and maybe TurboTax itself will answer this question. When I questioned a realtor, they thought I would only be liable for STEP-UP value on that home...
Again, thanks for a quick response!!
Mike
