When my Dad died in 1998, he willed his house (in Kansas City,
Missouri) to his three sons.  I am his oldest son (Dennis) and I live
in San Diego, CA.  My two younger brothers (Steve & David) are still
in Missouri, and the youngest son (David) has been, and is still
living in Dad's old house.  We three sons have recently agreed to
"sell" the house to the youngest brother (David), who wants to own the
home as his own.  We have agreed that David will take out a mortgage
loan on the house and "buy-out" his two brothers, by giving us the
proceeds from the loan. The loan amount will be $40,000.00, even
though the house is now worth about $75,000.00.  My brother Steve and I
plan on splitting this money 50/50.  We have already completed and
submitted our "Quit Claim Deeds" to the mortgage loan officer.  When
my Dad died in 1998, the house was worth only about $25,000.00, so
there has been a a gain in value, since his death.  My question is
this:  Will I have to pay any federal or state taxes (Missouri or
California?) on the $20,000.00 I receive from my brother David?  If
so, what kind of tax(es) and how much do you think I will have to pay?
Thanks for your help!