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Get your taxes done using TurboTax
Thank you - at the time of my mother's death and the closing of her estate, we did not know that the lease existed. Due to the new activity the oil fields that the lease is in, it now has some value. So, am I correct in understanding, that I use a zero dollar amount as fmv and the sales price to determine capital gains even though I held the lease for less than 90 days?
Thank you.
‎February 26, 2019
2:43 PM