dascpa
Level 11
06-03-2020
04:12 PM
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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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