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re: Capital Gains - unimproved real estate
Posted on 6/20/21 at 7:17 pm to GentleJackJones
Posted on 6/20/21 at 7:17 pm to GentleJackJones
You will need a tax professional. Was it a gift, part of an estate at death, etc??
You may get a basis from 2018 (and retro appraisal can be done if not done at the time).
Generally you should get an appraisal at time of receiving the property so tax strategy can be planned (optimally before the transaction occurs).
You may get a basis from 2018 (and retro appraisal can be done if not done at the time).
Generally you should get an appraisal at time of receiving the property so tax strategy can be planned (optimally before the transaction occurs).
This post was edited on 6/20/21 at 7:20 pm
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