@Carl wrote:
Now it used to be that proof of value would be an appraisal that was two or less years prior to or after death. I've not seen anything "official that changed that. Though I have "heard through the grapevine" (i.e.; rumour) that an acceptable appraisal needs to be (note "needs to be" not "has to be") within 6 months either side of the owner's death.
None of that is accurate.
There never was a law, rule, or regulation stating that "proof of value would be an appraisal that was two or less years prior to or after death".
There is also no law, rule, or regulation stating that an acceptable appraisal needs to be done "within 6 months either side of the owner's death". An appraisal that the IRS will accept is one that appraises the property at its fair market value on the date of death.
