Deductions & credits


@taxesohmy2017 wrote:

My question is, is this considered inherited property?


For federal income tax purposes, the relevant issue is whether or not the property was acquired from a decedent, per Section 1014.

 

If you and your brother acquired the property prior to her passing, then the property was not "acquired from a decedent" (unless the circumstances indicated otherwise for the purposes of a stepped-up basis).