Left half of mothers house in 2023

[tinajordan0313]

Brother owns the other half and he has lived in the house since her death. He has been trying to secure a loan since 2023, we closed on the home this week where I sold my half of the home to him. Will I owe inheritance tax on the monies I received?

[Bsch4477]

You owe no inheritance tax but you might owe capital gains on your profit from the sale. Your cost basis is the fair market value of the home on the day of death of your mother.