Mother died 2023 house valued at $469K at time of death. Sold it in 2024 for $519K. Check was issued to the estate for $475,717.01 divided by 4 heirs. How do I claim?

[debrabronaugh]

$43282.99 was deducted from sales price for taxes, fees, title, commissions etc..

[KrisD15]

The estate would pay the tax on the gain (if any).

The heirs would report their share of the inheritance.

There is no tax on a federal return for inheritance.

State Tax on an inheritance depends on the state.