topic Do I need to report an inherited home that is used for main residence? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/do-i-need-to-report-an-inherited-home-that-is-used-for-main-residence/01/505774#M207302 Wed, 05 Jun 2019 02:15:36 GMT bpardee143 2019-06-05T02:15:36Z Do I need to report an inherited home that is used for main residence? https://ttlc.intuit.com/community/taxes/discussion/do-i-need-to-report-an-inherited-home-that-is-used-for-main-residence/01/505774#M207302 Wed, 05 Jun 2019 02:15:36 GMT https://ttlc.intuit.com/community/taxes/discussion/do-i-need-to-report-an-inherited-home-that-is-used-for-main-residence/01/505774#M207302 bpardee143 2019-06-05T02:15:36Z No, if you inherited a home, keep record of the Fair Mark... https://ttlc.intuit.com/community/taxes/discussion/no-if-you-inherited-a-home-keep-record-of-the-fair-mark/01/505781#M207304 <P>No, if you inherited a home, keep record of the Fair Market Value of the property on the date of death. This will become your basis of the property should you ever sell it.</P> Wed, 05 Jun 2019 02:15:38 GMT https://ttlc.intuit.com/community/taxes/discussion/no-if-you-inherited-a-home-keep-record-of-the-fair-mark/01/505781#M207304 Coleen3 2019-06-05T02:15:38Z