Tax on sale of deceased Mother's home
Asked Feb 17, 2007, 07:38 AM
My Mom sold her house and three days later she died.
I am an only child and sole heir.
When I went to the closing I found she had put my name on the deed to the house with her as joint tenants after my Dad had passed away in 1998.
I was given two checks for the sale price. One in my name for half the sale price and one in the name of my Mom's estate for the other half.
I was not given a 1099S or received one in the mail.
Do I have to report this on my taxes? Will I owe taxes on any part of this money?