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Sale of inherited home-Confirm my thoughts

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    Sale of inherited home-Confirm my thoughts

    Situation-

    Mom died in 2016, left house to son. Son sold house in 2017 at a gain. At closing Medicaid was paid an amount for deceased mom’s assisted live costs during last six months of her life.

    My thoughts -

    The Medicaid payment is not a selling expense for the house because it has nothing to do with the house. The Medicaid payment also is not deductible by the son as a medical expense on Sch A because mom is not his dependent in 2017 because she died in 2016. As a result, the Medicaid payment is not taken into account at all in 2017 on son’s return.

    Thanks in advance for input!

    #2
    I agree.


    Plus a few more words because the forum told me my answer was too short.

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