I inherited property along with 3 siblings in 2008 (as beneficiaries of the estate). In 2022, I sold my share to another sibling. I'm not sure if this is "arm's length" even though the sale was based upon a recent (2022) appraisal. Is this arm's length? If not, how should the proceeds be handled in Turbo Tax?
Some details - I received about $200K for the property in 2022; the share appraisal was about $400K in 2008. If "arm's length" I have about $200K capital loss. If not, I have about $200K capital income to list where in Turbo Tax?
