This answer was so close to my own situation. Looking to refine the answer. When the decedent passed, the home passed immediately into ownership to the 3 children. They were not co owners ahead of this. On what form do you enter the the difference in fair market value between the date of death and the date of the sale of the home. Your answer showed death of the person was in march and the sale was in May. In our case, the sale was in August with virtually the same date death for the decedent. Do we treat this situation like short term capital gain?
