I understand that you are asking about the cost basis of your share of the inherited home. The cost basis is the cost from which any capital gain/loss will be calculated when your sell your share of the property.
For the inherited home, the cost basis is the fair market value (FMV) of the home at the time of death of its original owner.
If the home is divided equally between 5 people, then your cost basis is 20% of that FMV.
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