Am i taxed extra selling a second home?
When you have to sell a house that you don’t live in, you have to pay capital gains taxes on what you sell it for minus what you have invested in it. In the case of inherited property, what you have invested in it is defined as the fair market value at the time of the decedant’s death. So you will pay capital gains tax on the however much it appreciated from when you inherited until you sold it. I would still go buy your own home and not worry about the little capital gains tax that you will pay.
