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posted Jun 5, 2019 11:57:08 PM

I inherited a home when my grandmother passed and didn't sell It, how do I add this to my taxs?

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1 Best answer
Expert Alumni
Jun 5, 2019 11:57:09 PM

You do not need to add anything on your Tax Return regarding the home you inherited from your Grandmother until you actually sell it or if you rent it out.

However, if you pay real estate taxes and/or mortgage interest on the home, you may be able to deduct them if you itemize on Schedule A.

You can click here for more information if this applies to you:  What is Schedule A?

1 Replies
Expert Alumni
Jun 5, 2019 11:57:09 PM

You do not need to add anything on your Tax Return regarding the home you inherited from your Grandmother until you actually sell it or if you rent it out.

However, if you pay real estate taxes and/or mortgage interest on the home, you may be able to deduct them if you itemize on Schedule A.

You can click here for more information if this applies to you:  What is Schedule A?