its tax returns
I received funds from the sale of a house I inherited, in 2022 .where does this go on my tax returns ?
Terry Says
If you sold it immediately after inheriting it, you will owe no taxes. But if you received a 1099 for the sale, then you list your “cost basis” as the same as your sale price, assuming you sold it quickly. Your cost basis is the value on the date of death. Discuss specifics with your accountant.
