Sale of Inherited Out of State Property

I inherited a house in Delaware as a co-owner with 2 other relatives. I am a Maryland resident. We sold the house for less than its value and I am due to receive 25% of the sale price. What, if any, are my tax obligations regarding this sale?

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@Fawks202 just like any other investment, you have a reportable loss. the cost basis is the value of the property on the date of death and your sales price is on the closing statement. Obviously, multiply by you percentage share