Do I owe taxes when I sell an inherited home in Acworth?

Taxes on an inherited Acworth home generally come down to federal capital gains on appreciation since the date of death, not the property's full value, thanks to the stepped-up basis inherited property receives. Georgia's standard transfer tax applies at closing on top of that. Because the actual gain depends on the estate's specific basis calculation, a CPA should confirm the numbers before you set a listing price.