Hello, Inherited a property and haven't transferred deed into my name (sole heir). I am the appointed Personal Rep.; lawyer said that to transfer into my name would take a year on a deed of distribution, but house can be sold out of the estate since I'm PR. My prior experience with this situation was that a property had been put in my name at sale thus qualified on the tax basis inheritance guidelines. Selling direct from the estate, does the sale still follow an inheritance guidelines or would the sale be taxed on the deceased estate as an asset? Thx.
