BobB7
New Member

Deductions & credits

Actually, sale of inherited property often does no generate capital gains..it often generates modest admissible capital losses.  If the property is residential property that wasn't used for personal use but was held as an investment property until sold. But I agree that if thee are capital gains those gains count in household income.
In any event..the sales price, itself, isn't counted as income which may have been the main concern