by Kevin Jerry | Oct 19, 2022 | Inherited Property
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...
by Kevin Jerry | Sep 21, 2022 | Cost Segregation, Inherited Property
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...
