Inherited House

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  • Super Mom
    Senior Member
    • Jun 2007
    • 1151

    #1

    Inherited House

    Can there be a capital loss on the sale of an inherited house?
  • Burke
    Senior Member
    • Jan 2008
    • 7068

    #2
    Yes, but be careful of extraordinary amounts. It's based on FMV at DOD. This is assuming it was not lived in by a beneficiary, or used as rental property.

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    • Super Mom
      Senior Member
      • Jun 2007
      • 1151

      #3
      Ok, I will watch for that, thanks!!

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