I inherited a house and sold it almost immediately, do I owe capital gains taxes on the full sale price or just the stepped-up basis value?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

When an inherited house is sold soon after the transfer, the tax picture often turns on the stepped-up basis at the date of death, the final sale price, and any selling costs or improvements tied to the property. In many cases, gain is measured against the adjusted basis rather than the full proceed For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.