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No, only actual items of income, such as interest, rents from property,etc.will be income.
The sale of the home might have created a capital gain, but not likely, because of the step-up in basis that assets received through inheritance receive
When you sell a capital asset, (land, stock, a house) you will either have a gain or a loss or possibly (and your situation is where it happens the most) a break even situation ... Hang with me here and I'll give you an exMple
Capital gain = sales price MINUS basis
Basis is what you have invested IN the house ... purchase price plus maybe some improvements
\When assets are inherited. that basis is "stepped-up" to the fair market value of the asset as of the date of death of the decedent
So when someone passes it's very common for the sales price to be equal to it's basis (unless held long enough for prices to have risen since the date of death)
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