Estimate was just based on our personal thoughts and in retrospect it was too high.

Cost Basis - Inherited

Buyers loan institution wanted updated appraisal and showed , Property in an economically depressed area. Usually, an appraisal or market analysis from a real estate agent or another market comparison is proof enough for FMV determination.

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After you register or sign in, we'll return you to this page so you can continue your participation in the community. Submit a question Check notifications Sign in to TurboTax AnswerXchange or. Back to search results. Which FMV should I use for basis?

Asked by pkeaton TurboTax Deluxe Options Edit Ask for details Archive. The sale of inherited property should be reported regardless if S is received or not. Select you have not received B and continue through the interview;. Was this answer helpful?

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How to Determine a Stock's Date of Death Value | Finance - Zacks

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Publication 17 (), Your Federal Income Tax

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How to Determine a Stock's Date of Death Value | Finance - Zacks

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