Four children bought their Mother's home in 2005 for $10. She lived there until 2012 then she moved into assisted living until her death in 2019. The children rented out the property from 2012 until last year when they sold the property for $173,000. How do we find the cost-basis for the property or do we have to? Is this considered a gift or inheritance? Is it capital gains or some other type of income? Not sure how to report it!
