Just a further clarification on this if I may ask.
I have the appraisal done by the realtor that sold the home, back-dated to my father's date of death, to use as the Cost Basis.
There were no improvements done to the home since that date.
To calculate my Capital Gains, do I simply subtract that amount from the selling price of the home?
The realtor says he did not do a current appraisal on the home as the buyer paid cash.
Thank you.
