In the sale of an inherited home that is split by three children, on each childs return do they put the cost basis as 1/3 of the total or the total? Each 1099-s shows an allocation of gross proceeds as 1/3 of the total amount. Also, I am thinking the cost basis would be the amount the house was listed for sale at the time of death, so each would list 1/3 of that amount of as the cost basis? The death was on 3/7/2018 and the house sold on 5/31/2019.
