Hi, jeanettemcmurtry,
While I cannot suggest the sale price, if you sold 1/2 the inherited property at 1/2 the fair market value at the valuation date (typically the date of death) you would have no gain or loss (or might have a loss for the selling expenses or other increases to basis).
I am unsure what you mean about damages, but this article may help in determining the taxability of a settlement.
Hope this helps.
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Regards,
Karen
TurboTax Expert
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