Date-of-death appraisal and stepped-up basis

When you inherit a home, the value as of the date of death often matters later, especially when the home is sold. CPAs commonly call this the stepped-up basis.

Why the value on that date matters

Your CPA may use the date-of-death value as a starting point when figuring any gain on a later sale. A documented value from a certified appraiser gives them something solid to work from.

Better sooner, but later works too

It's easiest to order soon after the death, but Sam can still value the home as of that date months or years later.

Talk with your CPA

How basis applies to your situation is a tax question. Sam provides the value and your CPA handles the tax side.

Quick answers

What is a stepped-up basis appraisal?

It's an appraisal of the home's value as of the date of death, which CPAs often use for cost basis. Ask your CPA how it applies to you.

Can I get one if I've already sold the house?

Often yes. Sam can appraise as of the date of death using sales from that time. Share the sale details in your order notes.

This page is general information, not legal advice. Talk with your attorney or CPA about your situation.

More estate questions

• Do I need an appraisal when someone dies in Utah?
• Probate appraisal in Utah
• Appraisal for a trust or trustee
• Selling or dividing an inherited house among siblings
• Retrospective appraisal if the death was years ago
• Estate appraisal overview