alanpmartinez
Returning Member

inherited home

My mother and her siblings inherited the home of their parents when the last one of them died in June 2021. Due to the fact that my mother  is deceased, her portion of the home was supposed to go to me. I never know that I was a beneficiary or hear anything about this until I was told by one of my mother's siblings that one of the siblings was buying out the other siblings. I received a check for $15,000.00 from an escrow agency, but never heard any more about it. I am assuming that I owe no taxes because of the stepped up tax basis. Am I required to file anything??