@Opus 17 Would really appreciate your guidance on date of Inherited property value.
My brother died Nov 2019 without a Will, wife, or Children. A care taker scamed him in to signing the Quit Claim Deed over to her on his death bed. After a court chase which we won, the property dead was put back in his estate April 2022. Then Probate determined the rightful heirs in September 2022. Given these circumstances, is the FMV cost basis:
1) Nov 2019 the date he decesed?
2) April 2022 after the trial case was won and the Deed put back in his estate for the legal heirs?
3) Sept 2022 when rightful heirs determined by probate?
Many Thanks, Larry
