DianeW777
Expert Alumni

Get your taxes done using TurboTax

The date used to prepare the Statement of Fair Market Value (FMV) is the date of your mother's passing, December 15, 2011. The acquired date would be the same. Give a description of the property 'Inherited Property'. This will identify it for the IRS.

 

The date of death is always the date used to determine FMV.

 

We are sorry for your loss.

 

@whenry5 

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