Investors & landlords


@Carl wrote:

Keep in mind also, that while an appraisal may be the best way to go, it's definitely not the only way by far.


Congress and the IRS do a fairly decent job of keeping the law, regulations, and rules in mind and, with regard to the "best way to go", a qualified appraisal is one which will be accepted by the IRS typically without question; that may not be the case with other methods of valuation.

 

Regardless, when you preface a sentence with "generally", what follows should be the general rule and the general rule is that a two-year appraisal will not suffice if the return is examined.