Yes there is capital gains for the people who inherit the house, if they subsequently sell the house for more than their exclusion.
A person inherits a house, with a Fair Market Value (FMV) at the death of the original owner's death.
The inheritor now owns the house at FMV.
When the inheritor sells the house, then there may be capital gains, based upon the difference between the sale price and the FMV of the inherited value. less any exclusion. . .
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