Cost Basis

[rfordtuff]

What is the name of your state? Tx
My father passed away and according to his Will the home is to be sold and split 5 ways. According to Homestead issues the widow plans on living there for awhile. When she does move on and the property is sold, how do I figure cost basis for the purpose of paying gains taxes-- is there something I should do now to help with that future issue? Do I figure based on the taxable value or should I get an appraisal? Any input would be most appreciated.
Thanks

[lcannister]

You need an appraisal to establish the value at your father's death.