Charleston · Selling
Do I have to pay taxes when I sell an inherited house in Johns Island?
Taxes on an inherited Johns Island house generally apply only to capital gains above the property's stepped-up basis, its value on the date of death, not the sale price itself. South Carolina also charges its standard deed recording fee at closing, customarily paid by the seller. Because each estate's basis depends on individual facts, confirm your actual gain with a CPA before setting a list price.
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