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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,899
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Quote:
Originally Posted by nb6179505
Did you have the house appraised when got the house to assess the stepped up basis?
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I property taxes are collected on a "true cash" value, a tax statement from the year inherited should suffice. BUT...I'm not an accountant, and in a case like this, I would definitely contact a CPA, and perhaps a tax lawyer. No need to be penny wise and pound foolish in a case like this.
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