Awasome Inheritance Tax Escrow On Sale Of Home References. For the sale of real property of a deceased person, if the proceeds will not fully pay the tax liability, you’ll need to apply for a lien discharge with form 14135, application for. Property was sold for $249,900 with 3% seller's assistance.

Property was sold for $249,900 with 3% seller's assistance. Gain if you have made a profit from the sale of your inherited. If you wait until you have lived in the inherited house for two years, you will not owe any capital gains tax.