Fair market value of home

[sake]

In 2018 TT asked for the fair market value of my home before it calculated mortgage interest deduction for CA. Why can't I see that number when I go back to the 2018 return? I don't want to show a huge difference on my 2019 return.

[JohnB5677]

A home's fair market value is the price it would sell for in a perfectly logical world.  It will change from year to year.  The Fair Market Value of a home is a number that you would obtain. 

•  You can pay an appraiser $300 to get a value. 
• If you have a Real Estate Broker friend, they might do it. 
• You can go on Zillow and look up several homes like yours and get an average price.

If you use the Zillow method you would describe the features of your home as closely as you can.  Find the ones closest to your neighborhood, and average them out.

Zillow Website:   Zillow Homes for Sale

[sake]

Thank you. I've already gone online and got the "comps". However, they don't closely apply because my home needed repairs in 2018 and still needs those same repairs today. Hence, the fair market value is less and I should not state a huge difference between 2018 and 2019. The market has only increased maybe 2% to 3% over last year.