My 2 children inherited a mortgage from their late mother's estate. I s this income taxable and, if so, where can they put this on their tax return ?

posted

Connect with an expert

2 Replies

My 2 children inherited a mortgage from their late mother's estate. I s this income taxable and, if so, where can they put this on their tax return ?

Did they inherit a home? A mortgage is a debt. Were they also co-owners of the home and/or co-signers on the mortgage? Do you live in a Community Property State?

My 2 children inherited a mortgage from their late mother's estate. I s this income taxable and, if so, where can they put this on their tax return ?

however you and/or your wife were reporting the income, your kids will do the same.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

My 2 children inherited a mortgage from their late mother's estate. I s this income taxable and, if so, where can they put this on their tax return ?

My 2 children inherited a mortgage from their late mother's estate. I s this income taxable and, if so, where can they put this on their tax return ?

My 2 children inherited a mortgage from their late mother's estate. I s this income taxable and, if so, where can they put this on their tax return ?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

My 2 children inherited a mortgage from their late mother's estate. I s this income taxable and, if so, where can they put this on their tax return ?

Do you have an Intuit account?

My 2 children inherited a mortgage from their late mother's estate. I s this income taxable and, if so, where can they put this on their tax return ?

My 2 children inherited a mortgage from their late mother's estate. I s this income taxable and, if so, where can they put this on their tax return ?

Unlock tailored help options in your account.

Get more help

Related Content