Legal Question in Wills and Trusts in Iowa

Okay, question is. Mom died 11/09 in Iowa. I inherited her home and sold it 3/10. Basis was $458,500 at time of death. Sold home for $455,500. I live out of state and am not a resident of Iowa. My question is, even though I do not owe tax to Iowa as a result of the sale, I still have to report the sale on my federal tax return.

MY QUESTION IS: Do I need to file an individual tax return in Iowa reporting the sale (even though there was no capital gain on it?). Anything else I'm missing?


Asked on 11/25/10, 12:45 pm

1 Answer from Attorneys
Robert Luedeman solo practitioner

That question is probably best directed to the Iowa Department of Revenue.

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Answered on 11/30/10, 1:06 pm


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