Apr 24, 2025 8 min read
Inherited a Denver Home: Keep, Rent or Sell? The Money Math
Selling an inherited Colorado home within a year of the owner's death costs almost nothing in tax, because the home's tax basis resets to its market value on the date of death. On a Denver metro home worth $600,000, an heir who sells at $610,000 owes capital gains tax on $10,000, not on the $450,000 the parents gained since 1995. That one rule drives the keep, rent or sell decision, and it is whe