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Updated over 7 years ago,

User Stats

293
Posts
149
Votes
Kurt K.
  • Rental Property Investor
  • Phoenix AZ / Kendallville, IN
149
Votes |
293
Posts

Taxes on inherited properties when selling

Kurt K.
  • Rental Property Investor
  • Phoenix AZ / Kendallville, IN
Posted

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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