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2. Do all heirs need to agree to sell an inherited property? - AOL

   www.aol.com/finance/heirs-agree-sell-inherited...

   Capital gains tax: Capital gains taxes apply to real estate as well, but they work a bit differently with inherited properties versus a property you bought yourself. Instead of using the initial ...

3. Do I Pay Taxes Automatically If I Inherit Property? - AOL

   www.aol.com/finance/capital-gains-inherited...

   If you sell, you owe capital gains taxes only on any gains that the asset made since you inherited it. Tips on Taxes Capital gains can be one of the most complicated sections of the tax code.

4. How to sell an inherited house: What you need to know - AOL

   www.aol.com/finance/sell-inherited-house-know...

   Tax implications of selling an inherited house. Selling any property for a large profit has the potential to trigger real estate capital gains taxes. However, inherited properties are unique in ...

5. Estate tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Estate_tax_in_the_United...

   If the estate includes property that was inherited from someone else within the preceding 10 years, and there was estate tax paid on that property, there may also be a credit for property previously taxed. Because of these exemptions, only the largest 0.2% of estates in the US will have to pay any estate tax. [8]

6. Stepped-up basis - Wikipedia

   en.wikipedia.org/wiki/Stepped-up_basis

   Therefore, if the taxpayer's sister were to sell the house for $100,000, she would generally need to pay income tax on the $65,000 of capital-gain income. However, in the case of a beneficiary who receives an asset from a benefactor after the benefactor's death, the beneficiary's basis in the asset is "stepped up" to the FMV on the date of the ...

7. How to Avoid Paying Taxes on Inherited Property - AOL

   www.aol.com/avoid-paying-taxes-inherited...

   Inheriting a home or other property can increase the value of your estate but it can also result in tax consequences. If the property you inherit has appreciated in value since the original owner ...

8. What to do if you inherit a house with a mortgage - AOL

   www.aol.com/finance/happens-inherit-house...

   However, if you wait several years to sell the property and it continues to increase in value, you may be responsible for capital gains taxes. Step 6: Research “death tax” consequences

9. Do I Pay Taxes Automatically If I Inherit Property? - AOL

   www.aol.com/news/capital-gains-inherited...

   When you inherit property, the IRS applies what is known as a stepped-up basis to that asset. Here's how capital gains are taxed on inherited property. When you inherit property, the IRS applies ...