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blueskyez
New Member

Does Oregon tax on the sale of a deceased persons assets, like a house, or car, or furniture, that the estate executor would have to calculate and pay?

I'm already aware of the Oregon estate tax calculation.  My question is; are there any other types of taxes?  Capital gains, for example
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2 Replies
DaveF1006
Expert Alumni

Does Oregon tax on the sale of a deceased persons assets, like a house, or car, or furniture, that the estate executor would have to calculate and pay?

Yes, if there are transactions that involve capital gains, these would be reported in the estate return to be passed on to the heirs.

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Does Oregon tax on the sale of a deceased persons assets, like a house, or car, or furniture, that the estate executor would have to calculate and pay?


@blueskyez wrote:
I'm already aware of the Oregon estate tax calculation.  My question is; are there any other types of taxes?  Capital gains, for example

There are capital gains taxes, of course, but note that the property in the estate is stepped up to its fair market value as of the date of death of the decedent.

 

As a result, if the property is sold shortly after death, there should be little to no capital gain.

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