If your mother is deceased, and you transferred the title to yourself after inheriting the home, your 'basis' in the home would be the FMV (full market value) at the time of her death.
You don't have to report anything on your taxes until you sell the home, other than claiming a deduction for mortgage interest and property tax you paid after the transfer.
If this applies, click this link for details on How to Report the Sale of an Inherited Home.
If she is not deceased, your 'basis' in the home (when you sell it) would be her basis at the time of transfer (what she paid for the home, plus value of improvements). Again, you would not need to report anything on your taxes until you sell the home, other than claiming the interest and taxes.
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