Do You Need to Pay Capital Gains Tax on Inherited Property?

Posted on November 9, 2017

Inherited House capital gains taxinherited property

Capital gains taxes can apply to anyone who sells a property or other large asset. According to the IRS, a capital gain occurs whenever you sell an asset for more than its value. Following are facts that the IRS wants you to know about paying capital gains on inherited property, including how to avoid any […]

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4 Tax Questions to Ask When Inheriting a House

Posted on September 25, 2017

Inherited House inheritance taxinherited house

Photo credit When you inherit a house, the tax implications can seem confusing. Most people don’t know what to do next. But before you try to sell a house you’ve inherited, make sure you have the answers to your most important tax questions. 1. Does the Home Sale Tax Exclusion Apply to Inherited Property? Ordinarily, when […]

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