capital gains

opklmqwerty — Mon, 09 Mar 2026 08:06:29 GMT

if i sell a home and it went through probate last year can i use the assed value from last year as the basis to subtract from the selling price?

Re: capital gains

DoninGA — Mon, 14 Mar 2022 00:03:22 GMT

See IRS Publication 523 Selling Your Home page 10 - https://www.irs.gov/pub/irs-pdf/p523.pdf#page=10

Home Inherited
Home acquired from a decedent who died before or after 2010. If you inherited your home from a decedent who died before or after 2010, your basis is the fair market value of the property on the date of the decedent's death (or the later alternate valuation date chosen by the personal representative of the estate). If an estate tax return was filed or required to be filed, the value of the property listed on the estate tax return is your basis. If a federal estate tax return didn’t have to be filed, your basis in the home is the same as its appraised value at the date of death, for purposes of state inheritance or transmission taxes.

Re: capital gains

LeonardS — Mon, 14 Mar 2022 00:06:57 GMT

Yes, if the value of the house was determined thru probate you may use that value as your basis.

topic capital gains in Deductions & credits

capital gains

Re: capital gains

Re: capital gains