All Out Rubbish Property Solutions · Money & value
Will I owe taxes when I sell my house?
Often not, but it depends on your situation, and this is a CPA question rather than a website question. Primary residences have a federal capital-gains exclusion for qualifying sellers, and inherited property generally receives a stepped-up basis as of the date of death. Florida has no state income tax.
Three things drive the answer: whether the house was your primary residence and for how long, your basis in the property, and how it was acquired.
Inherited property is the case that surprises people most — because the basis usually resets to the value at the date of death, many heirs who sell reasonably soon after owe little or nothing on the gain. Investment property is different, and a 1031 exchange may be worth discussing before you sign anything.
Get thirty minutes with a CPA before closing, not after. Nothing on this page is tax advice.
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Important disclosure
All Out Rubbish Property Solutions is a local real estate investment company, not a real estate brokerage, and no one on our team is acting as your real estate agent. We buy houses and land directly with cash, or we assign our purchase contract to one of our vetted cash-investor partners. Either way, you pay zero commissions, zero fees, and zero repair or cleanout costs. We never list or advertise a property we do not own or have under a signed purchase contract.
Nothing on this page is legal, tax or financial advice. Florida lien, probate, foreclosure and association processes vary by case — talk to a Florida attorney or CPA about your specific property.