https://ttlc.intuit.com/community/taxes/discussion/taxes-on-sale-of-large-collection-of-inherited-art/01/3228145#M1187393 <P>Hi:&nbsp; My parents inherited a large collection of art in1971.&nbsp; Dad died 2014.&nbsp; Us siblings sold the art for 905,000.00 after fees from auction house.&nbsp; Mom is incapacitated and still alive.&nbsp; How do we figure what taxes she owes as we have no idea what the step up in basis is from 2014 when Dad died.&nbsp; There is no way to have over 300 items assessed.&nbsp; Thanks for any info.&nbsp; She lives in the state of California.&nbsp; The only thing i can figure is to do a reverse inflation calculation of what 905,000.00 was worth in 2014 and subtract that from total.</P> Tue, 10 Feb 2026 10:25:40 GMT CareyM855 2026-02-10T10:25:40Z https://ttlc.intuit.com/community/taxes/discussion/taxes-on-sale-of-large-collection-of-inherited-art/01/3228145#M1187393 <P>Hi:&nbsp; My parents inherited a large collection of art in1971.&nbsp; Dad died 2014.&nbsp; Us siblings sold the art for 905,000.00 after fees from auction house.&nbsp; Mom is incapacitated and still alive.&nbsp; How do we figure what taxes she owes as we have no idea what the step up in basis is from 2014 when Dad died.&nbsp; There is no way to have over 300 items assessed.&nbsp; Thanks for any info.&nbsp; She lives in the state of California.&nbsp; The only thing i can figure is to do a reverse inflation calculation of what 905,000.00 was worth in 2014 and subtract that from total.</P> Tue, 10 Feb 2026 10:25:40 GMT https://ttlc.intuit.com/community/taxes/discussion/taxes-on-sale-of-large-collection-of-inherited-art/01/3228145#M1187393 CareyM855 2026-02-10T10:25:40Z