IRS Step-Up Basis Appraisals

An IRS step-up basis appraisal documents a residential property’s fair market value as of a historical effective date, commonly the owner’s date of death. An estate, heir, trustee, attorney, or CPA may need that value for records concerning inherited property. The report can be prepared months or years later. Your tax advisor determines the applicable tax treatment and valuation date.

I specialize in date-of-death and retrospective residential appraisals across Central Florida. I research sales and market conditions relevant to the effective date and reconstruct the property’s features and condition using available records, prior listings, photos, permits, and renovation history. The written report explains the value conclusion, evidence, assumptions, and limitations. My experience includes 20+ years and more than 10,000 residential appraisals, including acreage, waterfront, and unusual homes.

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Common question: Can a property be appraised after it was sold or renovated? Often, yes, if sufficient historical evidence is available. Prior photos, listings, permits, and renovation dates can help establish its condition on the required date. A current tax assessment or online estimate alone does not reconstruct that historical market value.

To get started, share the address, date of death, intended use, and deadline in the form below. I will confirm the scope and fee before work begins.