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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...

    For example, in California, if the executor can sell the property for at least 90 percent of its appraised value, they may have the authority to move forward with the sale. So know your state’s ...

  3. How To File Taxes for a Deceased Relative - AOL

    www.aol.com/file-taxes-deceased-relative...

    Form 1310 isn’t required if a surviving spouse is filing a joint return with the decedent. ... But upon selling inherited property, you might have to pay taxes on the profits you receive, ...

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

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

    An inheritance is a windfall that can absolutely help someone's financial situation -- but it can make your taxes tricky. If you inherit property or assets, as opposed to cash, you generally don ...

  5. Estate tax in the United States - Wikipedia

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

    This applies even if a foreigner is in a country that has entered into a tax treaty with the U.S. Filing of Form 706-NA by the deadline is required to take advantage of the provisions of the tax treaty, although the estate may also file for a six-month extension using Form 4768, or the Form 706-NA may in some cases be accepted late with ...

  6. Stepped-up basis - Wikipedia

    en.wikipedia.org/wiki/Stepped-up_basis

    Section 2032 provides an alternate method of determining the property's new basis. If the property is not disposed of within six months of the decedent's death, the executor may elect to use the property's fair market value six months after the date of death but only if such an election results in a decrease in the value of the gross estate. [2]

  7. Inheritance tax - Wikipedia

    en.wikipedia.org/wiki/Inheritance_tax

    An inheritance tax is a tax paid by a person who inherits money or property of a person who has died, whereas an estate tax is a levy on the estate (money and property) of a person who has died. [1] However, this distinction is not always observed; for example, the UK's "inheritance tax" is a tax on the assets of the deceased, [ 2 ] and ...