@hnl66 - the "inheritance beneift" - let's be sure we are all talking about the same thing. The cost basis of the property 'steps up' through the estate to be equal to the market value on the date of death, so if the estate sold it for that "date of death" price, there is no capital gain so no tax. (I am keeping this simple as there are selling costs involved as well.)
if the estate sells the property for more than the value on the date of death, the gain is automatically "long term" even though it may have been less than a year from the date of death.
does that help?
