topic If I inherited a home that was divided between 5 people how much should I list as the original value of the home? Should I list the value as a 25% of the value? in Deductions & credits

If I inherited a home that was divided between 5 people how much should I list as the original value of the home? Should I list the value as a 25% of the value?

emily-wortman319 — Mon, 09 Mar 2026 09:09:33 GMT

Re: If I inherited a home that was divided between 5 people how much should I list as the origina...

MinhT1 — Fri, 04 Mar 2022 13:05:27 GMT

I understand that you are asking about the cost basis of your share of the inherited home. The cost basis is the cost from which any capital gain/loss will be calculated when your sell your share of the property.

For the inherited home, the cost basis is the fair market value (FMV) of the home at the time of death of its original owner.

If the home is divided equally between 5 people, then your cost basis is 20% of that FMV.

Re: If I inherited a home that was divided between 5 people how much should I list as the origina...

SweetieJean — Fri, 04 Mar 2022 14:59:11 GMT

Did you actually inherit 20% of the home? Or did you inherit 100%, and then share with the others?