Personal Finance and Investing

If not, a real estate appraiser or agent can reconstruct an approximation of its value at time of inheritance. Appraiser would likely be able to do a better job on this.

Sooo. When it is sold, subtract the sale price from the appraisal at inheritance value. Divide that by the number of sibs you are sharing the proceeds.

Take that number and multiply it by 18. That is probably your tax liability.

What do you think it is worth, now? How long have you owned it?

There are other considerations, including your annual income.

You are best advised to consult an accountant before the sale. Have such accountant prepare your taxes on the year of the sale.

I believe you will be better served, paying an established accountant in your community as opposed to a national chain or internet based preparation.