Our names were never on the deed, however it was on trust through Wintrust. So once mom passed away, all we had to do was show them the death certificate and then they placed our names as owners on the deed then, and we immediately sold it. We each received our portions of 1099-S.
So, I feel it was inherited to us. We are contacting our lawyers and see if possible the people that did buy it, if they had it appraised and see if we can obtain a copy.
What I explained in the first sentence, does that still sound inherited property? I am thinking yes, but could use some honest input. Thank you again.
