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Probate1

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jumdk1

Junior Member
What is the name of your state (only U.S. law)? PENNSLYVANIA. ON FILLING OUT FORM "INHERTANCE TAX RETURN RESIDENT DECEDENT REV-1500' ON LINE 1 WHICH LIST REAL ESTATE (SCHEDULE A) SHOULD THIS BE THE APPRAISED VALUE OF THE HOUSE OR THE SUPPOSSED SELLING PRICE OF THE HOUSE? PLEASE ADVISE.
THANKS.
 


anteater

Senior Member
Please stop posting in ALL CAPS.

Fair market value as of the date of death is the standard.

If the real estate is being sold by the estate, the actual selling price is acceptable.

If it is not being sold, then it should be appraised and that value should be used.
 

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