Legal Question in Real Estate Law in California

I found a Web site that discusses a similar, possibly identical, issue:

http://hodgen.com/basis-step-up-on-assets-inherited-from-nonresident/

Essentially, you pay U.S. tax at capital-gains rates on any increase in value between the date of inheritance and the date of sale.

As a US Citizen you are generally taxed on your world wide income. There may be treaties which vary the general rule. See your accountant. .

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