This transaction is in stages, but the portion you are concerned with is the value of the home when your FIL passed.
You will have to get a realtor or property evaluator to determine the value of the home on the date of your FIL's passing.
You will use this value as the basis when determining your capital gain. That will be half of the home, split 3 ways.
That will cover your FIL's half of the home.
Your FIL's brother will have to go back to the dates the mother passed to get the property value.
Please contact us again with any questions, and provide some additional details.
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