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Deductions & credits
@aphil138 personally, if the auction house issues you a 1099, I would report it. But while you don't know what it was worth on the date of death, it is reasonable to assume its value on the date of death was the same as what the auction house was able to sell it for. So the net effect is no gain on sale, but you have reported what the IRS has in its records.
March 23, 2025
4:21 AM
1,369 Views