My mother passed away in 2018 and the house was in a revocable trust that my father and mother has set up.
My sister and I are the sucessors and we recently sold the home. We are splitting everything 50-50.
My question is will we need to pay taxes on the money we received from the sale of the home. Again we split the money.
Any help would be appreciated, also it was revocable and the house was in the trust.