I sold a life estate homeas a remainderman after my mother passed away. The sale was split between myself and the 3 other remaindermen. How do I report this on my taxes?

[nkbmcknight]

The tax basis is the value of the home upon the death of the life tenant. We sold the home 4 months after the death. Home sold under appraisal. Do we have to report anything as there was no capital gain?

[Lisa995]

Sales get reported since IRS will only see the SALE, it doesn't know about the basis or what the actual profit or loss is.  You need to file a return to show them that the entire sales price isn't taxable profit.