Seller Financing on an Inherited Property

[Lee Taylor]

I'm trying to structure a seller financing deal on a property that was inherited by two sisters. Would they have any tax implications on the sale of the house since they inherited it? I'm looking to purchase for $60,000 or less if that helps. If seller financing will help with their tax liability then I want to share that as a benefit, but didn't want to misrepresent the benefits of my offer. What about the interest they would receive, that would be taxable wouldn't it?