When I use the FMV at the time of death, I'm pretty sure I can add the cost of capital improvements made afterwards to derive the cost basis. But what about inc...
When I use the FMV at the time of death, I'm pretty sure I can add the cost of capital improvements made afterwards to derive the cost basis. But what about inc...
Thanks for the quick response. Using the market value on the date of death will result in short-term gains. Under what circumstance (if any) would it be appropr...
How would things differ if the house were sold six months after its inheritance to allow time for several home improvements (i.e. upgraded kitchen and bathrooms...