https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-father-passed-away-last-year-and-we-sold-his-truck-do-i-have-to-claim-that/01/2446090#M230939 Mon, 09 Mar 2026 06:24:50 GMT wsbu666350 2026-03-09T06:24:50Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-father-passed-away-last-year-and-we-sold-his-truck-do-i-have-to-claim-that/01/2446090#M230939 Mon, 09 Mar 2026 06:24:50 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/my-father-passed-away-last-year-and-we-sold-his-truck-do-i-have-to-claim-that/01/2446090#M230939 wsbu666350 2026-03-09T06:24:50Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-my-father-passed-away-last-year-and-we-sold-his-truck-do-i-have-to-claim-that/01/2451270#M231663 <P>It depends.&nbsp; &nbsp;When your dad passed, you inherited the truck at the value it was on&nbsp;the day he passed.&nbsp; If you sold it reasonably soon after that, you can consider that a break even and there is no tax.&nbsp;</P> <P>&nbsp;</P> <P>If you are selling a used personal item for less than the original value, it is not taxable.&nbsp;If you flip it or sell it for more than the original cost, you have to pay taxes on the surplus as capital gains.</P> Sun, 06 Feb 2022 13:26:41 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-my-father-passed-away-last-year-and-we-sold-his-truck-do-i-have-to-claim-that/01/2451270#M231663 JohnB5677 2022-02-06T13:26:41Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-my-father-passed-away-last-year-and-we-sold-his-truck-do-i-have-to-claim-that/01/2451314#M231672 <P>or did his Estate sell it, and then give you the funds?</P> Sun, 06 Feb 2022 13:56:15 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-my-father-passed-away-last-year-and-we-sold-his-truck-do-i-have-to-claim-that/01/2451314#M231672 SweetieJean 2022-02-06T13:56:15Z