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Get your taxes done using TurboTax
When my father died, the estate attorney advised me to have my parents’ home appraised for the step-up in dad’s half of the basis.
I would advise you to do the same. A realtor is almost guaranteed to provide a higher FMV than an appraiser. For gift tax purposes, you’d prefer a lower value.
June 4, 2019
2:42 PM