See Inherited Property. https://www.irs.gov/publications/p551#e ... 1000257013This situation applies to me for the 2024 tax year. Can you point me in the direction of where the IRS states this policy regarding an increase in value of inherited assets prior to their sale? A form from the company handling the transactions indicated increases would be treated as long-term gains, but I did not understand it. Thank you.
That link should take you there but you may need to scroll up a little to see the start of that section.
Statistics: Posted by typical.investor — Mon Mar 03, 2025 1:33 am — Replies 3 — Views 330