My siblings and I inherited unimproved land in CA when our father passed away in 2020. We thought we had to property sold last year, but the that sale fell through. If we donated the property to a charity or quit-deeded it back to the Property Owner's Association, can we still claim a capital loss on the property, and if so, do we use the county property valuation when dad passed in 2020 or the valuation from the probate referee (this valuation is part of a simplified probate process in Kern County California where the land is located)? The valuation from the probate referee is higher than the county's assessed value when dad died.
