wsaslow
New Member

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