At least until y'all make some agreements to clear that equity ownership like an inheritance arrangement doc. 

Hold onto the land then sell myself in a few years or 20+ years and let my kids inherit it, when I die, take step up basis and sell it. 

To be clear, we inherited the house, but there is a complication that prevents us from being able to sell it for a few years, but we will eventually sell.

I’m also finalizing my father’s estate, and I plan to use my inheritance to invest further in real estate.Losing my dad last year has been very difficult, especially because of the circumstances with his wife.

So whether you sell to their trust or to them individually it still has to pass from you in order to do the 1031.But even more you don't want to be in ownership when they pass so you can get the step up in basis and inherit the property tax free.

Especially one that will be inheriting a large donation like property.

He is 54 years old and inherited approximately  $550k net of taxes.

That's the way to do it, nothing like inheriting some lien free property.

We're in the process of selling a condo that my husband inherited in Hungary.

The seller, who had inherited the home, wanted to sell and move in with her elderly father.