When you inherit a house, you may or may not have to pay taxes on the house when you sell it. It will depend on how the house was titled before the house passed to you as the beneficiary of the estate. This video will review the step-up in basis rules and strategies that you can implement to avoid having to pay tax on a property that you inherit, and how having a house owned by a trust can both protect the asset from a long-term care event and allow the house to pass to teh beneficiaries of the estate tax free.
