is inherited real estate in Oregon ... - Real Property Management

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Question by x2f101011: is inherited real estate in Oregon subject to capital gains tax? inheritance tax? if so, when? at what %?

Best answer:

Answer by Jss
There is no federal tax on inheritances. Most of the states do not tax inheritances. For your state, check at the state web site. For more information on inheritance taxation read: http://taxipay.blogspot.com/2008/02/tax-on-inheritances.html

Your cost basis of the property is the fair market value of the property of the date of death. If you sell property, you must report sale on schedule D.

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