@Info4464 I am sorry for your loss.
To be able to answer this we need more info:
(a) did you establish an estate for her ( i,e, got an EIN from the IRS ) or was this an informal set-up and you are the executor of the Estate ?
(d) Assuming that there was no EIN obtained for the Estate, any gains during the period through distribution to the beneficiaries is taxable income to the estate. So if selling the assets by the estate results in gain Sale proceeds ( -- Sales Price LESS any allowable expenses) LESS Basis ( stepped up value per state laws + any improvements )
(e) Such Tax can be paid at the estate level or at the beneficiary level
Does this make sense ? Have I answered your query
