Discussion:Inherited Home Appraisal

From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

Jump to: navigation, search

Discussion Forum Index --> Basic Tax Questions --> Inherited Home Appraisal
Discussion Forum Index --> Tax Questions --> Inherited Home Appraisal

FLAcct (talk|edits) said:

29 September 2009
My client's mother passed away this summer. Her only asset was her home. My client doesn't know yet if the home will be sold soon or if the home will be put in the names of her two children and sold some years down the road when the housing market is better. In either case, regardless of what happens to the house, I believe I need to advise him he to get an appraisal for the house as of the date of death. Is this correct?

Wonder Woman USA (talk|edits) said:

29 September 2009
I would definitely advise an appraisal.

Blrgcpa (talk|edits) said:

30 September 2009
Yes, most definitely an appraisal is appropriate.

To join in on this discussion, you must first log in.