Is Form 706 (my father passed away) necessary in order to get a stepped up basis
My CPA insists that my family needs to file a Form 706 in order to use a stepped-up basis for houses that we inherited (via Transfer-on-Death deeds). Is this true? Or can I just get a licensed appraiser to get the appraised value of the homes at the date of death?
This Question Has Not Yet Been Answered.
