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I am looking for some basic guidance on inheritance taxes as they relate to a property. A first appraisal was done. I have reasons to belive it was high. If I go with it I will likely face a capital loss when selling the property. If I get a second appraisal, how is the fair market price determined? (an average of the 2 appraisals or the lower one or second one?). If I get a second appraisal and it is low and I happen to get a higher selling price I will face capital gains. What is more advantageous-capital gains or loss. Obviously, this is new to me and I appreciate any advice and feedback. Thank you.
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