When my mom dies, her rental property home will be mine. I'm afraid that the capital gains taxes will be high. She has owned the house for about 25 yrs and probably taken depreciation on it (I understand that doesnt matter if you took it or not- that if she sold, it had to be added to the sale price per IRS). I believe the basis of the house will be the value at her death, but will the IRS forgive those depreciation amounts when figuring capital gains for say me, the new owner?