Yes, you do have to report it and you are going to pay taxes on the money that you received.
You should receive a 1099-S in the mail that details the amount that they sent you.
In TurboTax you will enter the sale in the 'Wages and Income' section. Scroll down to the bottom where it says 'Less Common Income'. In there it has an entry for 'Sale of Home'.
Click start next to that and the system will walk you through what you need to enter for the values of the sale.
Since your mother gifted the house to you while she was still alive you will enter the amount that she paid for the house as your 'basis' or the amount paid for the property. The date of purchase should be the date that she gifted it to you.
@DWinn1
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