My parents purchased their home in 1995 and put the deed in my brothers name. Now our parents have passed and we recently sold their home. My brother is splitting the sale of the home with me. We both did remodeling projects to the home prior to selling. What is the best way for my brother to pay me half the sell price? Should he gift me or inheritance? The amount is under 100k. How does my brother and I avoid claiming the sale of the home as income?
