Selling a home you inherit can trigger capital gains taxes, though you might not owe anything if you sell right away. If you live in the property for a couple of years before selling, you might be ...

Understanding the Stepped-Up Basis Benefit Before It's Too Late Here's the thing about estate planning: most people don't think about it until it's too late. The stepped-up basis provision has been ...

Receiving property when someone dies can come with unexpected financial burdens, particularly taxes like estate and inheritance, and capital gains tax, which applies to the profits made from selling ...

Anyone who has inherited property, especially if they’re approaching retirement or already in it, knows it can be a blessing and a challenge. You may have a sentimental attachment to the property and ...

Baby boomers hold more than $19 trillion in real estate wealth, much of which is expected to pass to their children and grandchildren over the coming decades in what some economists are calling a ...

An inheritance is a windfall that can absolutely help someone's financial situation -- but it can make your taxes tricky. If you inherit property or assets, as opposed to cash, you generally don’t owe ...

Inheritance taxes are taxes that a person needs to pay on money or property they have inherited after the death of a loved one. Here are the basics. An inheritance tax is a state tax that you pay when ...