GiseleD
Expert Alumni

Deductions & credits

If a qualified appraisal was not done, you can always refer to tax records from that year to get a general idea of the land's value. However, the safest way to obtain a valuation on this land as of 20 years ago is to get a retroactive appraisal. This is especially important if the value of the land was/is significant. Real estate professionals in your area may be able to recommend an appraiser who specializes in retroactive appraisals. 

 

@3tipper

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