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My ex husband died that day, for tax purposes I ned to know the price of his house at the time of death.

2006-10-02 10:17:10 · 2 answers · asked by vicky C 1 in Business & Finance Taxes United States

2 answers

You need to talk to a real estate professional and just get a general listing Fair Market Value for houses of that size(bedrooms, baths, square footage) in that area. If you can get a hold of a newspaper from that date (which I assume you mean 2005 since 10/14/2006 hasn't happened yet) and look at house listings you can give a rough conservative estimate of the fair market value of his house. It is always good to be conservative when dealing with these numbers, especially with the IRS. Also, keep track of any expenses you put into this house since his death as this will add to the Fair Market Value basis of this house.

2006-10-02 10:24:37 · answer #1 · answered by RamsGod 3 · 1 0

I'm hoping the date is wrong since it hasn't happened yet...but to answer your question:

If you are looking to know how much you owed on your mortgage on that day, the bank where the mortgage is from could tell you

If you are looking for what the house was worth on that day, call an appraiser and they could estimate it for you.

If you are looking for the what the county appraised and subsequently taxed the property at, then you need to contact the County Board of Assessment. They can usually be found in the Blue Pages of your phone book, either under city hall or the tax section (Dept of Revenue). Some counties have this info available on-line as well.

2006-10-02 17:23:41 · answer #2 · answered by Lauren 4 · 0 0

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