@carltoons wrote:
FMV $ 290,122 bought out my brother for $ 150,000 and replaced roof for $ 8,500. Do I total this as $ 448,622 and that is what I put on the tax form as total Value?
If you and your brother each inherited one-half, then you use half of the FMV on the date of death for your share, plus the $150,000 you paid your brother for his share (assuming that was FMV and not a bargain sale), plus the $8,500 you paid for the roof (as an improvement).
