Inheriting or Receiving a Home as a Gift - 0.2 Nano CPE

ame Property. Very Different Tax Outcomes.

When a client receives a home — whether by inheritance or as a gift — the tax consequences can differ dramatically. Basis rules, future capital gains exposure, and planning timing all hinge on how the property is received, not just its value.

This course provides a clear and practical way to explain those differences, enabling clients to make informed decisions and avoid costly surprises later.

Learning Objective

Recognize the tax consequences of inheriting a home versus receiving it as a gift, including how basis rules impact capital gains and long-term planning decisions.

Course Description

This 12-minute nano-learning course explains the critical tax differences between receiving a home as a gift and inheriting it. Participants learn how basis rules, capital gains exposure, depreciation considerations, and timing strategies affect client outcomes.

Who This Is For

Tax and accounting professionals advising clients on estate planning, property transfers, or the sale of inherited or gifted real estate.

Why It Matters

Clients often assume a home received from family is “tax-free.” In reality, the method of transfer can create or eliminate significant capital gains exposure. Advisors who understand these distinctions can help clients preserve wealth, plan dispositions wisely, and avoid preventable tax liabilities.

Author / Instructor

Lee T. Reams, Sr., BSME, EA
Lee T. Reams, Sr., EA, is the Editor-in-Chief of CountingWorks and a long-time leader in tax education. He has helped shape professional learning in the tax community through decades of course development, writing, and speaking.

Course Details

This course qualifies for NASBA continuing professional education credit. CountingWorks, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Help Clients Make the Right Move With Real Estate Transfers

Start Inheriting or Receiving a Home as a Gift and gain the clarity needed to explain basis rules, plan dispositions, and guide clients through one of the most misunderstood areas of tax planning.