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Do I pay taxes when I sell an inherited house?
Short answer
Inherited property often gets a “step-up” in tax basis to its value at death, which can reduce or eliminate capital gains tax. Ask a tax professional.
See every step in 1 minuteInheriting a house that still has a mortgage
People also ask
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Official sources
- CFPB: inheriting a home with a mortgageconsumerfinance.gov
- HUD: reverse mortgages (HECM)hud.gov
- IRS: inherited property and taxesirs.gov