i inherited my mothers apartment overseas in 2023 with my brother. we are selling it this year and splitting the proceeds. i know this will be worked on 2027 taxes but trying to get ahead of things. i will receive my split of proceeds which is over $100K which will be deposited into my foreign bank account and then i will transfer it to my US bank account. i know i will have to file different forms but my main question is if the step up basis is calculated as half since i am splitting with my sibling same as the proceeds (my half) for the calculation of the capital gains? also we are paying fees for the sale to the real estate agency overseas, can i include that to up the step up basis reducing my portion of profit for the capital gains calculation? also can you confirm what all forms will be needed? i have done research but want to confirm i am not missing anything. thank you
