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Deductions & credits
@mcrisman1 - Hi, I think you are confusing inheritance tax and income tax. There is NO inheritance tax due to Oregon since the estate was under the threshold. If there had been an inheritance tax it would be paid from the estate and the responsibility of the executor to pay it. Turbo tax does not complete inheritance tax forms.
One the estate was settled, you acquired as asset (the home). When you sold the home, you have a gain or loss on the asset your sold and must report it on your income tax. (federal and state). There may or may not be any tax due.
One the estate was settled, you acquired as asset (the home). When you sold the home, you have a gain or loss on the asset your sold and must report it on your income tax. (federal and state). There may or may not be any tax due.
‎June 6, 2019
4:39 AM