1- No. That isn't income. You unloaded personal items. It's like a garage sale - you don't need to report it.
2- Nothing. Distributions of items that are not taxable don't have to be reported. Make sure you dot the I's and cross the T's for the laws in your area but there are no federal forms that you need to file for this estate.
However, you and your siblings may need to report your portion of the sale of the house on your personal returns. You will report it as a sale of a house with the amount of the proceeds that you received as a sale price and the exact same amount as the cost or 'basis' of the property sold.
@DBRankin
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
