Posts Tagged ‘stepped-up basis’
What Happens When You Sell an Inherited House?
When you sell an inherited house in California, the mortgage is paid at closing, capital gains may be minimal due to stepped-up basis, and proceeds go to heirs.
Read MoreCan I Sell an Inherited House in California?
Yes, you can sell an inherited house in California once title legally transfers to you. The process depends on whether the estate went through probate.
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