[KarlInOhio]

The federal inheritance tax exemption is around $5 million, so you shouldn't owe any unless the estate was more than that. I don't know whether your state has a tax or not.

It probably matters whether the sale was done before the property was transferred to your name or if it was sold before you took possession of it.

[zencycler]

Was the property sold by you after being distributed to you by the estate, or was it sold by the estate - not sure, but that might make a difference.