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Investors & landlords
@Critter-3 wrote:
.....I have never seen an IRS letter on cost basis in the 30+ years I have been in business but keep all the paperwork just in case you do get one.
Nor have I, except I have seen valuation issues with respect to estate tax returns. For a 1041, though, it's a long shot that the basis reported would be questioned unless it's totally out of whack.
‎December 2, 2023
5:03 PM