@ron6612 wrote:
Any thoughts on the appraisal note and inclusion of the statements to form 4684?
As ostensibly stated by the tax manager, the step up/step down basis doctrine is applicable if the items were stolen after your mother passed. Therefore, you need to use that doctrine as the benchmark.
Without a formal appraisal (which you might still be able to obtain), sometimes less is better in terms of explanatory statements, notes, and attachments.
