How do I claim the sale of my mothers house on my taxes?


My mother passed away, her house was sold, the money divided, and I received $33,000. I have no idea how I am to claim this on my taxes, and would rather not pay some one to to them.

Related Topics:

  1. When filinng taxes, can you claim a 1 time exemption on the sale of your house? Sold our house last year. Don’t plan on buying/selling our home (This is where we will be until the end!) Trying to save $$$ on our taxes....
  2. Do I pay income tax on money I received from the sale of my deceased Mothers’ house? I used money I received from the sale of my Mothers’ house to buy a condo. Will I have to pay income tax on this money. The estate is settled....
  3. Taxes for the sale of an overseas inherited house? I am a U.S permanent resident and over 8 years ago I inherited my dad’s house in Venezuela. I just sold the house below the market value and I never made a profit from the house, I even spent money keeping it. Do I have to pay taxes for that...
  4. Is inheritance money from the sale of a house taxable? My mother in law died in 2005. Her house was sold in 2007. My husband received the money. Is this money taxable. We live in Florida....
  5. Best way to minimize taxes on sale of a house.? I am getting ready to sell a house in Lousiana. I moved to Kansas a couple of years ago for a job, and bought a house here last year with no money down (it was all tied up in the other house). I am concerned that I will show a...
  6. Do I have to pay taxes on the sale of a house I lived in for 5 years and rented for the last 2.? This was our first house and lived in it for 5 staight years. We bought a second house and rented our first house to some family members. They lived their for 2 years and payed us rent. We claimed it on our taxes as rental and are now wanting to...
  7. Sale of inherited house – some of proceeds to children? My parents passed away and my sister and I sold their house last year. I understand the tax liability that I have in the sale of this property (capital gains, basis, etc.) so that’s not a problem. I took some of that money (I received $38,000 and I’ll adjust that...
  8. Am I liable for the taxes on my deceased parents house if I short sale? I am on the title of my deceased mothers house, but the mortgage is still under the estate. Unfortunately the house is not selling. If to house is sold as a short sale would I be liable for the taxes? Would my credit be effected?...
  9. Combining 2 home equity loans – how to claim on taxes.? I am considering combining 2 home equity loans. At the moment I can claim the interest paid on 1 of the loans as it was for home renovation, but not the other. I rent my house out, and need to know if I will still be able to claim interest...
  10. does money inherited by the sale of parent’s house have to be reported as income? my friend’s mother in law died in 2005 she wrote a will saying the house would be sold upon her death with proceeds going to her 4 daughters. the house was sold in 2006 does the money my friend’s wife received from the sale of the house have to be...