Can I use indexation when selling land inherited through a living trust in 2011 when the bases per acre was established? Or is this irrelevant or not possible?

alpatusa — Wed, 30 Dec 2020 23:24:23 GMT

Re: Can I use indexation when selling land inherited through a living trust in 2011 when the bases per acre was established? Or is this irrelevant or not possible?

Anonymous_ — Wed, 30 Dec 2020 23:49:48 GMT

"Or is this irrelevant or not possible?"

I suspect it is both if your question is whether or not you can tie your basis (i.e., increase it) to some sort of inflation, or cost-of-living, index. You are essentially stuck with your "inherited basis".

topic Can I use indexation when selling land inherited through a living trust in 2011 when the bases per acre was established? Or is this irrelevant or not possible? in Get your taxes done using TurboTax

Can I use indexation when selling land inherited through a living trust in 2011 when the bases per acre was established? Or is this irrelevant or not possible?

Re: Can I use indexation when selling land inherited through a living trust in 2011 when the bases per acre was established? Or is this irrelevant or not possible?