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Question about deductions related to inheritence To make a long story short, my Grandmother died about 4 years ago, and just last year (2010) did probate finally ended. At the end of probate I was awarded most of her estate which really amounted to some personal items and her home, which I sold. Before I sold the house last year I had to pay all the real estate taxes for the last 4 years, can I deduct all of that this year? I also paid a ton in legal fees to settle the probate is any of that deductible? Any advice is greatly appreciated.

By: Guest
Date: Unknown--
Response
0
No

all the costs of settling the estate just reduce your inheritance and are not a personal deduction to you.

That should have all been included in your accounting to the court.

[d] By: Guest
Date: unknown---
Response
What is 1 + 100



Helpfulbox Now Offers Free POS Software

for restaurants, kiosk, and any other retails business completely free. It can be used as windows cashier system or as full blown POS. You will able to print to kitchen, display orders on the kitchen screen, manage inventory, employee, report, customer loyalty offers, employee management, delivery address track and much more, all for free.

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