PatriciaV
Expert Alumni

Get your taxes done using TurboTax

Enter the FMV or your adjusted basis (whichever is lower) as of the date of the change, not the date of purchase.

 

Yes, any reasonable source for the valuation is acceptable. Keep good records.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"