Should I report the sale of my Fathers estate and the money I inherited from the estate sale?

[glamp1955]

The money was split among 6 heirs. Is my inheritance taxed?

[M-MTax]

Are you the administrator of the estate?

Did the estate have property to sell and did the estate sell it and received the proceeds? 

You may need to see a tax pro.

[PaulaM]

It depends on what you inherited, but inheritances are generally not taxable on your federal return, but some states do tax. But if you inherited assets that earned income, then that income is taxable. There maybe estate taxes to be paid if the estate meets certain thresholds, but this too is general not an issue for most estates. 

For reference, see this article and this one.
 

[glamp1955]

Thanks. The estate value was less than 400,000 total with 6 heirs inheriting. I did invest my share in a certificate of deposit in 2024 so I will report interest earned next year. So, no need to report anything but the executor's fee for managing it.

[M-MTax]

So, no need to report anything but the executor's fee for managing it.

Maybe nothing else to report for you but the estate may be required to file a 1041 if it sold any property or received $600 or more in gross income.

Form 1041 

[Mike9241]

if the estate owned the assets that were sold like a house, stocks etc., then a 1041 needs to be filed reporting these sales, That requires Turbotax business. The administrator has the option to pay the income taxes at the trust level if any is due, or pass the income out to the beneficiaries so they pay the taxes. If there were accumulated losses upon termination they may be passed out to the beneficiaries.

if the estate had terminated and the beneficiaries were the joint owners of the assets, the sales would be reported directly on their 1040s. 

The info you provided was extremely limited and if it's going to be a DIY project you need to familiarize yourself with the rules so things are correctly reported.