If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. Therefore, It’s crucial for you to understand the fair market value basis rules so that you don’t pay more tax than you’re legally required to.

red and white miniature house on a wooden table with house keys; image used for blog post understanding fair market value rules

Continue Reading Understand Fair Market Value Rules for Your Estate and Property