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Thanks ebaines... Regards #2 reply - If we do not have to do a Schedule D due to loss on inherited property, then what does she do with her 1/2 of the money received from the auction of the house as...

Thank You MLSNC... I think you are correct regards the medical deductions so that will be out of the problem. Now is the yearly limit of $3000 for both brother & sister. Meaning 3000 dollars each or...

Mother in law passed July 1, 2009 leaving a house to brother & sister (my wife). They sold the house at auction in Ogden, Kansas Sept 15, 2009 House sold for $46,000 with the following fees taken out...