An inquiry: After my mother died, a valuable ring got passed to me. We never officially reported it as an inheritance (and it may legally be the property of my father). For us to sell it legally, is it necessary first to report it as some sort of inheritance (from my mother) or gift (from my father) and thus have it taxed? If so, what would be the most tax effective way to do this? (I omit from this analysis the capital gains taxes that will follow the sale.) Any help would be greatly appreciated.