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New Member
posted Jun 4, 2019 7:15:36 PM

Do I need to report an inherited home that is used for main residence?

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1 Best answer
Intuit Alumni
Jun 4, 2019 7:15:38 PM

No, if you inherited a home, keep record of the Fair Market Value of the property on the date of death. This will become your basis of the property should you ever sell it.

1 Replies
Intuit Alumni
Jun 4, 2019 7:15:38 PM

No, if you inherited a home, keep record of the Fair Market Value of the property on the date of death. This will become your basis of the property should you ever sell it.