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Selling Mom's House
My Mother moved into assisted living in 2011 a year after Dad passed and she passed in Sept of 2019. Thier house was rented from 2012 to 2017. After that it was kept empty and maintained as a asset to sell when she needed the money. It was sold for that reason in Feb 2019. I need to report the sell and square up any taxes owed, although with the cost of basis it won't be much. I think I should file a schedule E, report no income or expenses for that matter and report the sale. Does anyone agree or disagree. Let me know and thank you in advance for any help.
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March 25, 2020
2:22 PM