Figuring out capital gains when an inherited house is sold. Spoiler: They're probably small
July 12, 2017 | Administrator
Dear Liz: I’ve have been following your responses related to the tax exemption on home sales. I understand that up to $250,000 per person of home sale profit is exempt from capital gains taxes and that married couples are entitled to exempt up to $500,000.
My spouse and her two siblings inherited…