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Determining Cost Basis on TOD property
My brother and I received property via a Transfer on Death deed, legal in our state. We did not have the property appraised when my mother died, in November 2022. The county assessment for 2022 is about $50,000 less than the 2023 appraisal. Is there a good way to determine what our cost basis would be as we sold the property in May 2023?
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‎January 25, 2024
6:49 AM