Residing sib lived in condo 2 of the past 5 years, he has no CG burden. Third sibling is hostile & abusive; residing sib would like me to benefit solely from all the CG reductions he paid, if this is legal.
No, you each would claim 1/3 of the cost basis if that's what you each inherited. The cost basis would include 1/3 of the improvements made by that one sibling over the years. The one who resides in the property cannot "gift" the higher cost basis to either of the other two.
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