Do I have to pay capital gains tax when I sell an inherited Daniel Island home?

Capital gains tax on an inherited home is calculated from the property's stepped-up basis, its fair market value on the date of death, not from what the original owner paid for it. Most heirs owe little or no gain if the home sells close to that value soon after inheriting. Because basis and gain depend on individual records and timing, confirm the actual numbers for a Daniel Island estate with a CPA before you list.