Rick, you're a nice guy, but not a tax accountant. Any piece of personal property I inherit and pay tax on becomes a piece of personal property. I am not obligated to keep track of that stuff. A John Deere lawn tractor, a silver plated brass bracelet, a set of off road tires for my Land Rover, get serious. If I sell them at my next yard sale for more than their declared value at my uncle's death, what forms should I fill out??? Capital gains on a lawn tractor or a shotgun???