As the last owner standing, inflation in real estate and selling soon after the final inheritance, I am not surprised. After taking off the expenses of selling, you could even have a loss. A small gain is great. It is a capital gain on sch D so it may not even be taxed, depending on your income.
From Topic No. 409 Capital Gains and Losses - IRS
The tax rate on most net capital gain is no higher than 15% for most individuals.
Some or all net capital gain may be taxed at 0% if your taxable income is less than or equal to $41,675 for single and married filing separately, $83,350 for married filing jointly or qualifying surviving spouse or $55,800 for head of household.
A capital gain rate of 15% applies if your taxable income is more than $41,675 but less than or equal to $459,750 for single; more than $83,350 but less than or equal to $517,200 for married filing jointly or qualifying surviving spouse; more than $55,800 but less than or equal to $488,500 for head of household or more than $41,675 but less than or equal to $258,600 for married filing separately.
Glad I could help!
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