Real Estate Law
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You would each have to claim a portion of the capital gains taxes on your income tax returns as long term capital gains taxes and pay any applicable tax on them. The amount of capital gains would be based on what the house was assessed at in 2007 when you received it.
So for example, if it was worth $200K in 2007 and you sold it for $224 net in 2015, then you have $24K in gains that would be divided up among the siblings and then long term capital gains taxes paid on that.