turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

alpatusa
New Member

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?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

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?

"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".

View solution in original post

1 Reply

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?

"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".

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question