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Financial Planning / Tax Strategies


Subject:  Re: S.O.S. MOTLEY FOOL STAFF Date:  12/26/2004  12:41 PM
Author:  irasmilo Number:  74930 of 124779

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.


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