Thanks for the information.
Perhaps you could guide me on how to calculate the value. The property passed to us after my mother's passing in 09/2021. There was no will, and legal papers were not completed until 2022.
In 2024 my sister had the property appraised ($140). It sold for $165(2 siblings) in 09/2025. The property was vacant all the time. We paid utilities, taxes (PR) & maintenance all the time.
I'm concerned about the upcoming estimated tax payment, as I feel it should cover any possible capital gain related to that transaction, and I don't know how to start the calculation.
Will appreciate any feedback.
