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How to Report a Property Inheritance received in Probate and Sold in 2022
My mother passed away in November 2021. Her apartment in Florida was left to my sister and I (50%/50%) after probate which completed in April of 2022. We sold it within a month or so.
Do I need to file in Florida? In the month or so we had it, it probably did not change in value.
We are talking about ~80K, my part after closing and fees, about 35K.
How do I compute my tax exposure?
I have the Deluxe version of TurboTax, do I need to upgrade to file this?
Thanks,
Bill
‎January 24, 2023
3:44 PM