Wife's mother died. 4 brothers and her sold her home for 569k. after selling costs and division she received 106k. how to report and does she owe taxes

You would enter the sale in the "Investment Income" section of TurboTax under "Income and Expenses". Look for "Stocks, Mutual Funds, Bonds, Other". You will come to a screen that asks "What type of investment did you sell?", where you can indicate that the properly was a "Second home".

Follow along in the program and you'll see that on the screen "Let's get the details about this sale" there is a place to indicate that you acquired the property by inheriting it.On that same screen, there's a box to enter FMV at date of death. Work through the program to answer this question.

You would enter her proceeds as the sale amount. For the cost of the home, you would enter the fair market value of the house on the date you inherited it, multiplied by your spouse's percentage of ownership.