Thanks for the response. The old house and property were bought jointly by my parents in 1960. In 1980 my father died so my mother then owned the house. IN 2000 she gifted the house and property to her 4 children in equal shares. We sold the house and property in 2021 and divided the profit. The original purchase price in 1960 was $3200. The total sale price minus commissions etc was $25,000. Improvements over the years included painting the metal roof and replacing parts to a pump, fixing broken windows. Total cost $500
