DS
Level 1

Tax on Inherited land

My mother added my sister and I to the deed of vacant land in 2002, making us joint owners with her and her husband.  She died in 2003.  Her husband died in 2016.  In 2017, I bought my sister's share of the land, making me the sole owner.  In 2018, less than a year later, I sold the land.  How do I determine the basis of the land for capital gains purposes, and is it a short term or long term holding?