Following up on the comments from @Mike9241, yes, enter your gross proceeds. You will make the necessary adjustments to the gross sales price later when asked to enter information about commissions, fees, etc. And are you reporting your percentage share of the gross proceeds? We ask because you indicated in an earlier post that the substitute 1099-S includes just your percentage share of the inherited home.
And yes, if the FMV of the inherited home has not changed since the date of inheritance and such value is the same as the sales price, then that is your cost basis. You would not be making any adjustments to the cost basis unless you made renovations/repairs to the home prior to sale. The adjustments are made to the sales proceeds.
@DXY2021
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