filing taxes of deceased person

[Info4464]

I am the executor of my mother's estate and sold her home in 2024.. I am trying to file a final tax statement and i have to submit the "the adjusted cost basis" for the home. I dont have that information. Is the adjusted cost basis the amount that she paid when she purchased the home? 

[RobertB4444]

No.  The adjusted cost basis is what the home was worth when she passed.  If you had an appraisal done you can use that value, or the value from the tax rolls.  

@Info4464 

[Info4464]

Thanks but i would need to file a final return? I thought I read that if the home was sold for less than 250,000 that a return is not needed or did i read that incorrectly? 

[RobertB4444]

You read that incorrectly.

If she had sold the home while she was still alive then that might apply.  But not for her estate.

@Info4464 

[Info4464]

Thanks