Get your taxes done using TurboTax

you don't need the form because you already entered the sales price

 

advise - 

 

be sure to enter the closing expenses (broker, etc.) from the closing statement that will reduce your net sales price

the 'cost basis' should be the value of the property in 2010  when your wife inherited it, NOT the value when you MIL first purchased the property

and everything should be cut in half since your wife only owns 50% of the interest .