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Updated almost 8 years ago on . Most recent reply presented by

Sean Gover's profile image
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Sean Gover
  • Rental Property Investor
  • from Corrales, NM
  • Member since Jan 5, 2016
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Sean Gover's profile image
Sean Gover's profile image
Sean Gover
  • Rental Property Investor
  • from Corrales, NM
  • Member since Jan 5, 2016
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Sean Gover
  • Rental Property Investor
  • Corrales, NM
28
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114
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Tax, SDIRAs & Cost Segregation

How to value a home at time of death for cost basis?

Sean Gover
  • Rental Property Investor
  • Corrales, NM
Posted

I have a seller asking how she can value a home she inherited in 2012 to get her cost basis.  I've searched the IRS website and can't find a clear answer.

Any help would be appreciated.  

Thanks

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Christopher Phillips
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  • from Garden City, New York
  • Member since Nov 14, 2016
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Christopher Phillips
  • Real Estate Agent
  • from Garden City, New York
  • Member since Nov 14, 2016
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Christopher Phillips
  • Real Estate Agent
  • Garden City, NY
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Christopher Phillips
  • Real Estate Agent
  • Garden City, NY
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Sean Gover

Usually need to hire an appraiser to do a historical appraisal. Basically pulling comps from that time period but it's a little complicated because of not knowing the condition of the property back then...

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