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    artgirlljs's Avatar
    artgirlljs Posts: 1, Reputation: 1
    New Member
     
    #1

    Apr 14, 2009, 01:04 PM
    How much do I pay to IRS on house and stocks sold?
    I am filing for a federal tax extension, and need to know how much money to send in with the extension form.

    My mother died in Dec 2007, and I inherited her assets which were in a living trust, as successor trustee. After much work, I sold her house in May 2008 for $169,000. The house value depreciated approximately $5,000 during this time. I also sold $17,000 of stock to pay her the remainder of her nursing home bills. I quit my job to take care of my family and the estate, and therefore paid no federal income tax in 2008. I donated $5500 to charity, and met the 3,500 deductible for medical expenses.

    My question is how much money, if any do I send in with my request for federal tax extension?

    Thanks so much for your help.;)
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Apr 16, 2009, 02:48 PM
    You send nothing but the Form 4868.

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