I live in Pa. This is a question regarding Pa taxes. My mother died in Jan 2019. My sister and myself were the executor's. My mother had a home with my older brother as tenants in common, she owned 2/3rds. We filed the Pa inherited taxes of 4.5 percent estimating the 2/3rd of the house at 195,000. Fast forward to today 2024, we just sold the house and the net proceeds(2/3rds) are 259,000, the difference of 64,000 from the estimate made in 2019. My Lawyer said we do not have to refile the inherited taxes with the courts. However ,I got a 1099-S form. Using Turbo tax it takes me to a question about what the "fair market value when previous owner passed away". Question: what number goes into that box? Thank you.
