My ex husband die that day, my son got the house, he sold it and now he needs to pay taxes on that inheritance.
2006-10-02 10:41:57 · 5 answers · asked by vicky C 1 in Business & Finance ➔ Taxes ➔ United States
This is a common problem for which the correct answer can be very valuable. When I have had this issue with a client I go to the Internet and search "Certified Residential Appraiser" and the name of the City and State which would be Cocoa, Florida. I start calling them and get bids on determining the appraised value on a given date. I normally pay about $350 to get a certified appraisal. The last one I got saved the client $26,000 in tax over what his estimate was. His real estate person gave us a number that was off by 35%. The IRS has very little means to debate with a Certified Residential Appraiser. Your circumstances are simple as they very likely have computer data and could give you the answer over the phone but you still want a certified copy as back up for the IRS.
2006-10-02 15:08:43 · answer #1 · answered by ? 6 · 1⤊ 0⤋
Look at tax digest for homes sold during this window. Compare these homes to the one in question.
If it has to be more firm then contact a Certified Residential Appraiser (Not just any Mary Real Estate Ho). Courts recognize the validity and professionality of Certified Res. Appraisers.
2006-10-02 11:24:01 · answer #2 · answered by Donald W 4 · 1⤊ 1⤋
The fair market value of a house in Cocoa, Florida can be found at:
http://www.zillow.com
Try this and Good luck!!!
2006-10-02 14:00:47 · answer #3 · answered by Wait a Minute 4 · 0⤊ 0⤋
My suggestion would be to call the county property tax department and get their valuation. That should be as close as you can get.
2006-10-02 10:54:12 · answer #4 · answered by Jeff C 2 · 1⤊ 0⤋
edmundsbluebook.com
2006-10-02 10:44:07 · answer #5 · answered by tysavage2001 6 · 0⤊ 0⤋