Do I owe capital gains tax on a Johns Island house I inherited?

Capital gains tax on an inherited Johns Island house depends on your basis in the property, and when you inherit a home your basis typically resets to its value on the date the previous owner died rather than what they originally paid. That means you generally owe tax only on appreciation from that point forward, not the full gain the original owner would have seen. A CPA needs to confirm your specific basis and filing situation, and Brian Beatty can provide a market valuation as of that date to support the calculation.