Deductions & credits

@Pooledon let's understand more.  38 years ago, the 4 of you inherited a home from an estate, right?  just want to be sure the use of the word 'inherit' is the right context.  if a living person gave the 4 of you this home, it would be 'gifted' to you.

 

how was the house maintained over 38 years, meaning was it rented out?  or was it a beach / mountain / vacation home used amoung the 4 of you?  That information would help responding to you.