Tax Step-Up Basis Date of Death Appraisals

When inheriting real estate, one of the most important tax considerations is the property’s “step-up in basis.” This adjusts the property’s tax basis to its fair market value as of the date of death, which can significantly reduce future capital gains taxes when the property is sold.

Home Point Appraisal provides professional retrospective appraisals for estate, probate, trust, and IRS step-up basis purposes throughout Southern California.

A step-up basis appraisal is a retrospective valuation developed as of a past effective date, most commonly the date of death of a property owner. The appraisal determines the property’s fair market value based on historical market conditions and comparable sales available at that time.

These appraisals are commonly used by heirs, beneficiaries, trustees, executors, CPAs, and estate attorneys to help establish a defensible tax basis and support estate documentation.

Even if the date of death occurred years ago, retrospective appraisals can often still be completed using historical MLS data, public records, and market research.

If you need a retrospective appraisal for tax step-up basis, estate, trust, or probate purposes, contact Home Point Appraisal today.

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