Capital Gain

Alternative Valuation Method for Inherited Property

Inherited Property / By Kevin Jerry / October 19, 2022 October 19, 2022

An Alternative Valuation Method is Available for Inherited Property Once the amount of any gain or loss is determined, the taxpayer must decide whether or not it is long-term or short-term. The capital gain or loss is long-term if the investment property is held for more than one year. The capital gain or loss is …

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Inherited Property. Long-Term Capital Gain or Short-Term?

Cost Segregation, Inherited Property / By Kevin Jerry / September 21, 2022 October 19, 2022

When investment property is inherited, the capital gain or loss on any later disposition of that property is treated as a long-term capital gain or loss. The gain or loss on a sale or trade of property is found by comparing the amount realized with the asset’s adjusted basis. The basis of property that is …

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