My brothers and I inherited our mothers house as a result of a "Transfer on Death Deed" in 2016. We sold the house in December 2020 for $4,000 above the 2016 apprased value. Do we need to complete a Schedule D and possibly a Form 8949 for each of our 1/3 amount? If so, is there anything special related to the Capital Gains for the selling of the house? The title company has submitted 1099-S to the IRS for each of our shares for the sale of the house. Besides the possible 1/3 Capital Gains, is there anything else we need to be concerned about with the inheritance and sale of the house?
