Was the home sold as part of the estate, by the estate executor or representative. If so, then the proceeds of the sell, which were distributed OUT of the estate were inherited money and are not taxed at all to the recipients.
was the home sold after it was transfered to you or others, such that one would obviously say the home was inherited? IN this case, you would be subject to capital gains tax.
Use the following formula to determine any capital gains:
Capital gains for selling inherited property = Sale price of the home - (FMV of the home as of the time of death, + improvements, + major repairs) - cost of selling.
If you sold the property close to the time of inheritance, then likely there will be little if any capitall gain.
So if you sold this after the property was transfered to you as an inheritance, your capital gain, if any, would be taxed as a long term investment, at 15%.