pk.. yes understood and thanks for clarifying. The basis will play a big part and will be the next big issue to resolve so I left it out. The property was purchased and a custom home added many many years ago so the basis will need to be determined as no building records are available. I was told this type of transaction will not allow using a "step up" basis from 2017 when the deed was modified because in this situation the property would be a gift not inherited like originally planned. So right now (before basis realized) the worst case on the tax burden is 15% of 45% of the proceeds. No where to go but up I guess.. again thank you..
