The funds were from a TOD account inherited by my wife upon the passing of her mother. They were not IRA nor 401k. It was a stock investment account. The account is labeled in our brokerage as non-qualified, as it is strictly a brokerage account. Sorry for the confusion, but I assumed that the use of the term non-qualified indicated that the funds were not from a qualified account. Research I've done (painstakingly) at the IRS website indicate a need to determiner the basis for the various instruments sold in order to truly determine the capital gains. I get that. My real concern is the whether there is a need to file an estimated tax payment on the capital gains, or is the use of the funds going to "wash" when filing for 2019 because the money was used for real estate.If I were to guess, the IRS cares little how the funds were used, more about the fact that the distribution is considered current income. Looking forward to your thoughts.
