I jointly inherited my parents home in May 2018 with three siblings (25% equal share). We sold it 5 months later and split the net proceeds (~$60,000) equally. The FMV at time of inheritance was $84,000. Nowhere in Turbo Tax (Deluxe) is it asking me to explain that my personal net proceeds are only 25% of the total net proceed, or alternatively, that my cost basis in the house is only 25% of the original FMV. Should I report the FMV of my 25% of ownership to account for this? (i.e. $21,000)
