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What if the FMV was greater in Dec09 of his death then the

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What if the FMV was greater in Dec'09 of his death then the current selling price?
Hello, THANK YOU for choosing Just Answer. My goal is to help make your life...a little...LESS taxing.

You take the FMV of the property at the time of the decedent's death. So if your uncle died in 2009 and the FMV was $800,000, and the FMV is only $600,000 this year, you will use the $800,000 because that is how much it was worth the year that he died. I apologize if I was not clear in my previous answer.

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