Fair Market Value of a house I inherited split like proceeds?

Do I report a percentage on Fair Market Value of a house I inherited like the split of proceeds or do I report the full property fair market value?

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If you are reporting the sale of the inherited house, then you would report only your share (percentage) of the fair market value on the date of death of the person from whom you inherited and your share of the proceeds of the sale.

Unless you owned the entire property, you would not report the full property fair market value.

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NJ Disposition of Property option to exclude from state tax does not change tax due

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Fair Market Value of a house I inherited split like proceeds?