please be aware that the tax basis of the property is the value on the date of death. also under federal law, it automatically gets long-term capital gain treatment. For the acquisition date type in inherited.
the next issue. was it investment property after it was inherited? if it was you are taxed on any gain or get to deduct any loss. if it was not, any gain is taxable but any loss is not deductible (for example you used it for personal purposes). i
