Have a Tax Question? Ask a Tax Expert
If your uncle's gross estate is less than $2,000,000 then there would be no federal estate taxes. If your uncle was a resident of Florida then there would be no FL estate taxes due. If your uncle was a resident of FL then there would also be no PA inheritance taxes because the property was not located in PA.
To determine the amount of gain or loss that you will have to report on the eventual sale of the house, you would use the fair market value of the house on his date as your cost basis.