topic Four of us inherited mom's house when she passed. FMV was $200,000, and that's what we sold it for. Do I claim FMV for my share, or the entire amount? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/four-of-us-inherited-mom-s-house-when-she-passed-fmv-was-200-000-and-that-s-what-we-sold-it-for-do-i/01/658633#M86170 Thu, 06 Jun 2019 09:22:03 GMT jaynrobison 2019-06-06T09:22:03Z Four of us inherited mom's house when she passed. FMV was $200,000, and that's what we sold it for. Do I claim FMV for my share, or the entire amount? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/four-of-us-inherited-mom-s-house-when-she-passed-fmv-was-200-000-and-that-s-what-we-sold-it-for-do-i/01/658633#M86170 Thu, 06 Jun 2019 09:22:03 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/four-of-us-inherited-mom-s-house-when-she-passed-fmv-was-200-000-and-that-s-what-we-sold-it-for-do-i/01/658633#M86170 jaynrobison 2019-06-06T09:22:03Z Assuming your siblings are each claiming their own portio... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/assuming-your-siblings-are-each-claiming-their-own-portio/01/658639#M86171 <P>Assuming your siblings are each claiming their own portions, you should claim your 50,000 dollar portion of the sales proceeds and inherited cost basis.&nbsp;</P> Thu, 06 Jun 2019 09:22:05 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/assuming-your-siblings-are-each-claiming-their-own-portio/01/658639#M86171 Phillip1 2019-06-06T09:22:05Z