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.