You Inherited Property and Your Lawyer Said Get Appraisals — Here's Why
Your lawyer keeps saying "date of death basis" like you should know what that means — but nobody explained why this one number could cost you thousands in taxes later. Here's the thing — when you inherit property, the IRS doesn't care what your parents originally paid for it. They care what it was worth the day they died. And if you can't prove that value with proper documentation,...
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