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When the parent passed away the cost basis of the home "steeped up" in value to the fair market value based generally on the date of death of the owner of the home.
The new cost basis based on the Fair Market Value (FMV) at the date of death is passed along to whom ever inherited the home.
Therefore, if the home value on the date of death is $100,000 and you sold the home soon after the date of death it would be assumed you sold the home for the fair market value of $100,000.
Generally, no taxes are due when a home is sold soon after the home is inherited, in fact you may incur selling cost and have some expenses to deduct.
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