#fair market value

2 stories

#estate tax #tax basis #capital gains tax #estate planning #home appraisal #home appreciation #home ownership #inherited homes #irs valuation #property valuation #retrospective appraisal #step-up basis

House Title Determines Tax Reset
Spouse's home title resets tax gains entirely or half depending on ownership.
24/7 Wall St. · 1m
How the IRS values and audits inherited homes
Real estate makes up a third of what parents leave behind, but most heirs don't know the tax rules.
Kiplinger · 3m