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Hereinafter Referred to as Grantors, Do Hereby Convey Unto , Hereinafter Form

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Hereinafter Referred to as Grantors, Do Hereby Convey Unto , Hereinafter Form

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welcome to county office your ultimate guide to local government services and public records let's get started how do you determine the cost basis of an inherited property if there was no appraisal determining the cost basis of Inherited property is essential for tax purposes the cost basis influences capital gains tax when the property is sold generally Inherited property receives a step up in basis this means the basis is adjusted to the fair market value at the date of the decedent's death if there was no formal appraisal you can still establish the fair market value one method is to gather evidence of similar properties sold around the same time real estate listings sales records and assessments can provide valuable data local tax assessments can also serve as a reference point for determining value another option is to consult with real estate professionals they can offer insights based on their knowledge of the local market Additionally you can document any improv

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