ahawley88
Returning Member

Tax implications for selling my third of my father's estate to my brother?

My dad passed away in June of last year and did not have a will. He was a farmer and had land, a house, etc. I have two brothers; one of them wants to buy my third of the estate as he wants to take over the farm. My third is valued at 450K, but we settled on 400K. Will there be any tax implications on this transaction, for me?