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New Member
posted Mar 16, 2024 2:29:06 PM

Do I pay taxes on a house I inherited but don't live in and am not renting?

I have not sold the inherited house but I am not living in it.

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1 Replies
Expert Alumni
Mar 16, 2024 2:34:28 PM

No, you do not pay any taxes on your personal income tax return for inherited property.  If you rent it or sell it then it will become a taxable event.

 

Inheritance tax is determined by the state, however the is no inheritance tax for the federal return.  Check your the person who handled the estate if necessary.

 

@lauratax70-

[Edited: 03/16/2024 | 2:35 PM PST]