1 - Yes, they would split everything evenly.
2 - They can either split everything equally or they can take their own expenses. As long as they are consistent and make sure that they don't accidentally enter the same expenses on both returns.
3 - Expenses involved in preparing the house for sale can all be added to the basis of the house.
4- They can have a gain or a loss.
5 - Here is where to enter the sale in TurboTax
Here is the IRS article on inherited property
@syoung123
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