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Investors & landlords
Because your mom lived in it and essentially had full use and benefit of the home the entire time, this sounds like a "Life Estate".
That would mean the house gets a "step up" in Basis, which means your 'purchase' price is the Fair Market Value on the date of her death.
There is a section to sell investment items, such as Stocks, Bonds, etc. The sale of the home will be entered in that section.
‎February 6, 2021
9:10 AM