Jul 24, 2012, 02:58 PM
When my father died I inherited the house along with my son and my brother. I bought out their 2/3 of the house and it was deeded to me. Know my brother wants to by it back from me. Will I have to pay any taxes again? We paid inheritance taxes based on the property tax value when my father died. Which is $20,000 more than what i will sell it to my brother for. If I sell it to him will i have to claim anything on my taxes for selling it to him?