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FMV of Inherited House
My father passed away in April 2022, my sister and I, who are the sole beneficiaries sold the house in January 2023. We need to determine the FMV of the house for tax purposes. Can we use the appraisal that was done for the sale in January as the FMV, since we did not get an appraisal done soon after my father passed away?
‎April 14, 2023
11:38 AM