Deductions & credits

Assuming that ownership was 1/3 to each sibling, then each sibling would enter the sale of an asset using 1/3 the cost basis or inherited value, and 1/3 the selling price.  

You can probably get an estimate of the market price of the home on the date of the previous owners death from a local real estate appraiser. They can do retroactive appraisals using historical data.