Thank you very much.
I was named the sole beneficiary in the will and am also the executor.
I sold the rental property and the proceeds are in an estate account since the probate case is still open. (haven't yet met the 6-month minimum)
Even though the funds are in the estate account, does the sale of the inherited property get reported on my personal taxes this year? If so, will the prior depreciation my mother reported on the property factor in, or will the tax owed be based on the difference between the proceeds (sale price minus realtor fees, etc) and the DoD valuation?
Thnak you again
