My mom died this year in florida/ i sold her home/ what kind of taxes will i owe
Asked Mar 2, 2013, 09:23 AM
My mom died this year/ she lived in Florida/ she left me everything in her will, I am her only heir/ I sold her home for $122,000 through real estate, came away with $111,000 after brokers take , taxes, when filing income tax this year with my husband, both of us are retired, what will I owe the IRS? Will his be filed under inheitance tax, capital gain, income. ( I felt the home was worth more money then sold, but because of the economy, we got less then its true value.