Thank you! So I'm thinking the math for Q1 looks something like:
Sales Price = $800K
Cost Basis at time of my mother's death = $600K + any improvements and repairs
Less: Realtor and other fees = ~$55K
Less: $250K exemption
$800K - $600K - $55K - $250K = <$105K> so no capital gains
Sound right?
As for your question for Q2 I need to find that out!
