A client inherited property from her deceased father that had been severely damaged from a fire. The insurance company paid to rebuild the house. What would be the basis of the property to her? Since there was no attorney involved to provide a valuation, can I use the property tax statements RMV for the land and then add to the basis the cost that the insurance company paid to rebuild it? She also paid from her own pocket  the cost of removing the burned debris as well as new landscaping. She sold the property in 2020 once it was finished. My thoughts are that she can count the lands RMV as stated on the property tax statement and add the cost of the rebuild plus the landscaping and debris removal, but want to make sure my thinking is correct. Any advise or suggestions is appreciated.