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Reply to "A son/daughter selling home in FFX CNTY that elderly parents lived in until passing away"
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[quote=Anonymous]Step up in basis is worth a lot more to you than whatever piddly amount you might owe in state taxes. But yes, generally state taxes are owed to the state in which the house is located (even if you’re residents of another state). Same goes if you decided to rent the house for income as out-of-state landlords: you would pay state taxes on the rental income. [/quote]
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