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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...

   Taxes on inherited property While there may be questions surrounding how real estate can be sold after the owner dies, there is one certainty that every heir should understand: the tax implications.

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. Ask an Advisor: How Can We Avoid Capital Gains Tax on a ... - AOL

   www.aol.com/ask-advisor-were-inheriting-house...

   If you sell the property immediately (before the property’s value increases), the sale price will not be any higher than the cost basis. As a result, the sale would not produce any capital gains ...

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. 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 ...

7. 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 ...