Navigating Estate Basis Consistency Reporting Requirements for Inherited Property by Sarah Gaymon, CPA
Posted on May 30, 2023 by Sarah Gaymon
Whether you are the executor of a decedent’s estate or a beneficiary named to receive the assets of a person who has passed away, it is critical you understand your responsibility to report the tax basis of inherited property consistently with the fair market value on the date of death. Failure to do so can […]