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Get your taxes done using TurboTax
@Jonathan1 wrote:In your judgment, might that represent an acceptable source for me to use to derive FMV for my Mom’s apartment?
The judgment of anyone on this board is completely irrelevant with respect to your question. The judgment of the IRS is all that matters and the IRS is not required to accept anything less than an appraisal from a certified real estate appraiser (although they do have the discretion to accept something less than that).
You can certainly use what you already have but just be advised of the aforementioned.
January 19, 2023
12:20 PM