Sibling Sale of deeded home parents form 6223 it

[Sasha12303]

My two siblings and I now own our parents home equally after their death.  They had life lease and immediately because deeded to us upon death. 

My one sibling is buying us out. I have since moved out of state and have been asked to complete NYS form IT6223. 

It is unclear what I should be putting for purchase price, sale price, etc. Am I putting the 1/3 amount of what he is paying me? For FMV is that also 1/3?

I know sale price is less selling expenses, but we don’t really have any. 

I am confused by the fact that it doesn’t take into account there are 3 of us involved so not sure do I divide it up to come up with my share to figure any Gains? BTW, there are none. 

Parents died in 2018, house was worth $200k, spent $15k+ fixing and upkeep to sell, then my sibling decided she wanted it. 2019, worth $210k. SHe’s buying at $210k via a loan, paying us each $70k. 

Can someone advise what goes in the worksheet for Purchase price?

to get Sale price in Part 2?

Do I take $200/3?

[halpalms]

your basis is date of death value of $200k plus improvements divided by 3......sales price for you is $70k