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If my mother died in December of 2021 with a life estate. In January 2022 her home and 4.63 acres was transferred to me. Will I receive any forms for filing my taxes?

I have moved into the home and completed the transfer through the tax appraisal office.
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If my mother died in December of 2021 with a life estate. In January 2022 her home and 4.63 acres was transferred to me. Will I receive any forms for filing my taxes?

The legal transfer to you for the property is not reported on a tax return, assuming you have not sold the property.

You can deduct on your tax return any property taxes you paid in 2022 and if there is a mortgage on the property any mortgage interest you paid.

If my mother died in December of 2021 with a life estate. In January 2022 her home and 4.63 acres was transferred to me. Will I receive any forms for filing my taxes?

Life estates end immediately upon the death of the life tenant at which point the remainderman (remaindermen) typically succeed to title (in fee simple absolute).

 

Unless your county is different, you probably will not receive any documentation and are even less likely to receive any federal income tax reporting statements.

 

With respect to the termination of the life estate, you actually do not need anything for federal income tax purposes as it is not a taxable event (in terms of federal income tax).

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