Recently my mother and her sister were given ownership of some property that their mother had deeded to them. One sister would like to sell the property to the other since she does not have any use for this property. Since the initial sale of the property was $1.00 from mother to daughters and the mother has since died, what tax consequences will the seller have if it is sold for $45,000 to other sister. The state is TN and the county is Davidson (Nashville).

Thanks
JB