Hi , Nellie4, thank you for your question! Sorry for your recent loss.
When you inherit property after the owner dies you automatically receive a "stepped-up basis." This means that the home's cost for tax purposes is not what the now-deceased prior owner paid for it. Instead, its basis is its fair market value at the date of the prior owner's death. This stepped-up basis will decrease gain on sale of the home.
I hope this information is helpful!
Connie
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