Inherited a House — Are the Taxes Really That Bad?
Episode 289
Inherited a House — Are the Taxes Really That Bad?
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Equipping Points:
Inheriting a home often comes with a lot of anxiety, especially around taxes. Many heirs assume selling means a massive tax bill, but that concern is often misplaced. In this episode, David breaks down what really happens when you inherit a house, why taxes are usually less painful than expected, and what non-tax issues can complicate the decision. If you’re facing an inherited property, or expect to someday, this conversation brings clarity where many people feel overwhelmed.
Here’s some of what we discuss in this episode:
🏠 Inherited Home Anxiety: Why taxes are often overestimated
📊 Stepped-Up Basis: How value resets at inheritance
⏳ Sale Timing Matters: When waiting changes the outcome
⚠️ Beyond the Numbers: Additional issues you need to know
👨👩👧 Family Dynamics: Navigating shared decisions
Today's Takeaway:
Some of these episodes were recorded under the branding of KC Financial Advisors, which has since rebranded as CreativeOne Advisors Group. Any references to KC Financial Advisors should now be understood as referring to CreativeOne Advisors Group.
