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URL:  http://boards.fool.com/not-to-pick-but-if-the-land-was-inherited-21807947.aspx

Subject:  Re: S.O.S. MOTLEY FOOL STAFF Date:  12/26/2004  12:41 PM
Author:  irasmilo Number:  74930 of 121146

Not to pick; but if the land was inherited; wouldn't their basis in the land be the market value on the date of inheritance; not the assessed valuation?

Absolutely. Maybe I read the post wrong. I assumed the number quoted was the market value at the time the property was transferred.

Ira

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