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http://boards.fool.com/so-the-tricky-part-is-coming-up-with-a-fmv-thats-30397834.aspx
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| Subject: Re: Loss on rental house | Date: 11/24/2012 11:27 PM | |
| Author: RBMunkin | Number: 116966 of 118614 | |
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So the tricky part is coming up with a FMV. That's quite a gray area, not set in stone. Realtors can't even really come up with the value of a house in current time, using comps, let a lone from 3 years ago. It would be typical of them to say a range like, $130K to $170K but for tax purposes even $10K is a BIG difference. No one can estimate the FMV of a house that closely. |
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