Tax Question about inherited property

[Billy Johnson]

My sisters and I inherited 34 acres in Florida when our mother passed. The property is in all three of our names. I placed a mobile home on the property as my primary residence about a year ago. I am currently thinking about my sister’s buying me out of my third of the property and the home as well. Can any one advise me on what my tax implications are in doing this or give me a strategy to lessen the tax implications.