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HomeForumsBuying & Selling Real EstateTaxes on inherited properties when selling
Kurt K.'s profile image
Kurt K.'s profile image
Kurt K.
  • Rental Property Investor
  • from Phoenix AZ / Kendallville, IN
  • Member since Sep 9, 2016
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Kurt K.'s profile image
Kurt K.'s profile image
Kurt K.
  • Rental Property Investor
  • from Phoenix AZ / Kendallville, IN
  • Member since Sep 9, 2016
Connect
Kurt K.
  • Rental Property Investor
  • Phoenix AZ / Kendallville, IN
147
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293
Posts
Buying & Selling Real Estate

Taxes on inherited properties when selling

Kurt K.
  • Rental Property Investor
  • Phoenix AZ / Kendallville, IN
Posted Jun 5 2017, 12:40

Hi BPers

I have been told that if I sold one of my inherited properties, I would have to pay taxes only on the amount that is above the appraised value and not the total sale. Can anyone confirm this?

I'm in IN and wasn't sure if different states had different policies.

Thank you.

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