The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  inheritance of house - sale Date:  1/12/2013  6:49 PM
Author:  RBMunkin Number:  117344 of 127613

Hey guys,
Correct me if I'm wrong, but for paltry amounts there is no tax on inheritance, right? If someone's mom dies and left her three children her house, then they rent it out for a while, and now one of them is going to buy out the other two, the money these two receive is inheritance money and not taxable, right?
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us