Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Jul 2, 2022 12:28:15 PM

Does paying off debts out of the estate impact the cost basis of an inherited home? If so, where is it entered?

My mother died 7 years ago and her estate had been in probate until this filing year when I was able to pay off all of the debt and sell the house.  Does that lower the cost basis?

0 1 307
1 Replies
Level 15
Jul 2, 2022 1:05:34 PM

No it does not.