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To: Kid Shelleen

If he inherited the real estate he pays no real estate. The estate does.


6 posted on 08/27/2014 4:14:31 PM PDT by ladyjane
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To: ladyjane
If he inherited the real estate he pays no real estate. The estate does.

No. The Estate pays estate tax on the value of the real estate on the date of death; once the real estate is distributed to the heirs, if they later sell it, they pay income tax on any appreciation in value between the date of death and the date of sale.

12 posted on 08/27/2014 4:43:27 PM PDT by Lurking Libertarian (Non sub homine, sed sub Deo et lege)
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