Inheretence tax question PLEASE HELP

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  • #15204
    Taxhelppine
    Participant

    Okay so I inherited my moms house last year. It was quickdeeded only in my name. I sold if and paid my siblings their share.

    Where do THEY claim the part they received. Not asking about where I fill it out because I am going in to a tax pro. They shouldn’t have to fill out the whole schedule d with the house because technically they weren’t even on the house. Although that is what they got their money from. Please tell me where they write in the money they got from my moms house. Thanks. What is the best way to do this?!?!?

    #15281
    Kaye Thomas
    Moderator

    We need to understand the situation better. When was the quickdeed executed? Was there a will or other instrument laying out that the siblings are to share equally?

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