MATISSO

The Inherited House

Inheriting a house drops a six-figure decision into the middle of a hard week. Most people are doing this for the first time, often while grieving and negotiating with siblings who see it differently. You do not have to figure out probate, taxes, and the house all at once, or alone.

State guides

State law changes the answer. Each state guide states the rules that apply there, with citations.

  • New Jersey · guides publishing soon
  • Pennsylvania · guides publishing soon

Costs and Taxes

  • Do You Pay Capital Gains Tax on an Inherited House?

    Most heirs owe little or no capital gains tax when they sell an inherited house. A federal rule called the step-up in basis resets the taxable value to the date-of-death market value. Here is what changes that.