re: What happens to homes when occupant passes?

quote:

---

What’s considered basis price? Is it sales price from when they purchased the home?

---

example:

House bought by Mom for $50k
Mom dies and it’s worth $100k
You sell 6 months later for $110k

You only owe taxes on the $10k increase from the date of her death until the sale. You don’t owe taxes on the $50k that appreciated while Mom was alive.