Thank you for clarifying that, but as MaryK4 pointed out, the Fair Market Value is what a Buyer is willing to pay and if something is sold soon after it is inherited, there is usually no gain, no profit.
If someone inherits a house that is worth 55,000 on the date of passing and then they hold on to it as the market gets stronger and end up selling it 5 years later for 70,000, they would need to claim 25,000 as a capital gain (profit).
But since you inherited the house and sold it the same year for 70,000, I would venture to assume the Fair Market Value was indeed 70,000, not 55,000.
A Real Estate Agent can make a Comparative Market Analysis (CMA) which is NOT an appraisal, since they are not Appraisers, but the CMA can be close. In your case, I think the Real Estate Agent was off and the Fair Market Value on the date of passing was 70,000 if the Buyer was a "normal" buyer, meaning this buyer had no reason to pay more than what the property was worth.
I also assume the ramp was installed BEFORE your Uncle passed, so that cost would not be added to the Fair Market Value. If installed after, it could add value, but then again it might not have.
I suggest you speak with the Real Estate Agent again and ask if the 70,000 it sold for was actually the Fair Market Value, and if yes, use that amount, split this between the Heirs and split the selling costs (such as the agent's commission).
You should each show no gain and perhaps even a slight loss.
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