@AmeliesUncle No, if you read my full post, I paid $34,286 at the time ($60,000 - ($8,571x3)) which subtracts my 1/7th and the 1/7th shares of two of my siblings, S1 and S2, which graciously allowed me to forgo paying them their fair share so that I would be able to afford the purchase.
I get that its possible then that my basis is $34,286, but since I paid back S1 and S2 their $8,571 after the sale of the property, I'm wondering if I can consider that $8,571 payment to them as an expense of the sale so that overall my taxable long term gain is the same as if I had paid them $8,571 at the initial purchase 10 years ago.
