xmasjr
New Member

Our mother died in 2012, the sale of her home began in 2009. The final payment was received and deposited into the account on 3-1-17. How is this treated?

The sale began in 2009 and the final payment was received on 3-1-17.  The funds from the sale, $30,000 will be distributed to me and my sister in April 2017.  How is this treat and for what years