North Metro Atlanta · Situation
Do I pay capital gains tax on a house I inherited in Alpharetta?
Inherited property in Alpharetta typically gets a stepped-up basis under federal tax law, meaning the heir's cost basis resets to the home's fair market value on the date of death rather than what the original owner paid. That can significantly reduce or eliminate taxable gain if the heir sells soon after inheriting, though the outcome depends on timing and other factors. Confirm the specifics with a CPA or estate attorney before relying on this, since Joel Boss can price the home but not the tax position.
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