dascpa
Level 11

Not expecting a good answer but - client inherited 8 acres and 64 cents (had to look that one up) in India in 2016.  Of course no appraisal was done at date of death.  We have a tax assessment from around the date of death but I cannot find (a) what % is the assessment to actual market value in India, or (b) any way to look up historical values.  If no one has an answer I may have to take sales price and look up annual inflation numbers and do a calculation to come up with my best guess.  Or can anyone else come up with a better way to come up with an inherited basis?

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