https://ttlc.intuit.com/community/taxes/discussion/sale-of-inherited-car/01/989053#M357347 <P>I inherited a vehicle from my mother when she passed away in October 2019. I was able to sell the vehicle right before the end of the year for its current average market value. Do I need to include the sale of the vehicle as income on my tax return?</P> Sat, 18 Jan 2020 03:38:49 GMT stephn399 2020-01-18T03:38:49Z https://ttlc.intuit.com/community/taxes/discussion/sale-of-inherited-car/01/989053#M357347 <P>I inherited a vehicle from my mother when she passed away in October 2019. I was able to sell the vehicle right before the end of the year for its current average market value. Do I need to include the sale of the vehicle as income on my tax return?</P> Sat, 18 Jan 2020 03:38:49 GMT https://ttlc.intuit.com/community/taxes/discussion/sale-of-inherited-car/01/989053#M357347 stephn399 2020-01-18T03:38:49Z https://ttlc.intuit.com/community/taxes/discussion/re-sale-of-inherited-car/01/989155#M357387 <BLOCKQUOTE><HR /><a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/194645">@stephn399</a>&nbsp;wrote:<BR /> <P>...Do I need to include the sale of the vehicle as income on my tax return?</P> <HR /></BLOCKQUOTE> <P>You do not need to include the proceeds from the sale unless the proceeds were greater than the fair market value of the vehicle on the date of your mother's death (which is rather unlikely).</P> Sat, 18 Jan 2020 04:58:22 GMT https://ttlc.intuit.com/community/taxes/discussion/re-sale-of-inherited-car/01/989155#M357387 Anonymous_ 2020-01-18T04:58:22Z