 And I'm going to have to pay taxes of $46,000 because you did this. Instead, she could have just stayed in her own stinking house and left it to me in the will, and I wouldn't have had to pay these taxes. Because you get what's called a stepped-up basis upon her death. Your basis becomes what the value of the house is at market value at the time of death. So if she dies and the house is worth $360,000, you sell it for $360,000, you have zero gain.