https://ttlc.intuit.com/community/tax-credits-deductions/discussion/in-2015-i-inherited-a-house-which-i-sold-in-20108-do-i-need-to-estimate-the-appreciation-in-value/01/172109#M23010 Sat, 01 Jun 2019 15:21:59 GMT bigedcactushead 2019-06-01T15:21:59Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/in-2015-i-inherited-a-house-which-i-sold-in-20108-do-i-need-to-estimate-the-appreciation-in-value/01/172109#M23010 Sat, 01 Jun 2019 15:21:59 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/in-2015-i-inherited-a-house-which-i-sold-in-20108-do-i-need-to-estimate-the-appreciation-in-value/01/172109#M23010 bigedcactushead 2019-06-01T15:21:59Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/you-don-t-actually-make-an-estimation-of-the-property-s-a/01/172116#M23011 <P>You don't actually make an estimation of the property's appreciation.&nbsp; Any gain on the property is calculated by subtracting your cost basis from the sales price, less any expenses of the sale. The cost basis of property you inherited would be the Fair Market Value (FMV) of the property at the date of the prior owner's death plus any capital improvements made to the property since you inherited it.&nbsp;You can usually get this from the Estate Attorney or Executor.&nbsp; Another method to obtain this would be to contact a local realtor familiar with the values of property like this one. The county assessor is also a good resource for this information.&nbsp;&nbsp;</P> Sat, 01 Jun 2019 15:22:01 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/you-don-t-actually-make-an-estimation-of-the-property-s-a/01/172116#M23011 JulieR 2019-06-01T15:22:01Z