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Get your taxes done using TurboTax
@aliceg1 wrote:
I loaned my father $95,000 to pay caregiver expenses before he died in 2021. As executor I will be selling his house soon....
I am sorry for your loss.
Did you get a date of death appraisal of the property (since your father passed away in 2021 and you have not yet sold the house)?
In the event there is a question, you will need documentation of the fair market value as of the date of death (and an appraisal from a certified real estate appraiser is the best evidence of that valuation).
‎August 19, 2022
3:45 PM