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Do I pay taxes when I sell an inherited house?
Short answer
Often little, because the value is usually stepped up to the date of death. Gains after that may be taxed. Ask a tax professional.
See every step in 1 minuteSelling an inherited house: the steps in order
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Official sources
- IRS: basis of inherited propertyirs.gov
- CFPB: inheriting a homeconsumerfinance.gov
- FTC consumer advice: real estate scamsconsumer.ftc.gov