Sold inherited home: My sibling and I inherited my Dad's home 50/50 Do we divide the FMV in half?
My brother and I inherited my Dad's home 50/50 in 2013 however he left a life estate to our step mother and she passed in 2017 which year do we use to get FMV, since we couldn't sell it till she passed? Do I divide the FMV amount between my sibling and myself?