Do I owe taxes on a house I inherited in Denver?

Inheriting a house in Denver does not automatically mean you owe a mountain of taxes, but the timing of what you do next matters more than most families realize. Colorado has no inheritance tax, and the stepped-up basis rule means the property resets to its fair market value at the date of death, not what grandma paid for it in 1978. That one fact alone can save a family tens of thousands of dollars if they act with a clear plan instead of panic. The confusion sets in when families mix up estate taxes, capital gains, and income taxes, and that confusion often pushes people toward fast decisions they regret. Selling quickly out of fear is not a plan. Understanding your actual tax position first is. The practical reality is that most inherited properties in Denver qualify for that stepped-up basis, which means a steady, well-informed sale, even an as-is sale through probate, can still produce a respectful outcome for the family and the estate. The choices you make in the first 60 days after inheriting a property are the ones that shape everything that comes after. If you are currently in the middle of a Denver probate and someone is pressuring you to sell before you have even spoken to a tax advisor or a probate attorney, I would genuinely like to know what that pressure looks like for you right now. — Kevin Lundy | The HomeBridge Group Brokered by eXp Realty