InheritanceTaxAppraisal
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When is an inheritance tax appraisal required?
For IRS Form 706 when estate value exceeds federal exemption ($13.61M in 2024), for state inheritance taxes, and to establish cost basis for inherited property.
What is step-up in basis?
Inherited property receives a new cost basis equal to fair market value on date of death, potentially eliminating capital gains on appreciation during the decedent's ownership.
How far back can you appraise?
We perform retrospective appraisals for any past date, using historical sales data, market conditions, and property records from that time period.
Do I need this if I'm keeping the property?
Yes—establishing basis now protects you from capital gains taxes when you eventually sell, even if that's years away.
How long does it take?
Typically 7-10 business days. Rush service available for urgent tax filing deadlines.