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Updated over 2 years ago,
INHERTIANCE TAXES ON SALE BY BENEFICIARIES?
I inherited a home along with my siblings from my father who passed away. We have never resided in the home, and ended up selling the property. At the time of sale home was free and probate had back personal taxes owed which were satisfied prior to sale. As for tax purposes, I am single, my brother is single head of household and my sister is married. My question is whether we are exempt from either capital gain taxes or inheritance taxes her in California??