Do I owe capital gains tax on a Woodstock house I inherited?

Inherited property gets a stepped-up tax basis to what it was worth on the date of death, so a Woodstock heir typically owes capital gains tax only on appreciation after that point, not on the home's full value. Selling soon after inheriting often means little or no taxable gain, while holding the property longer can create one as the market moves. A CPA should confirm the exact basis and any gain using the estate's records. Joel Boss can provide a current valuation to support that work.