Discussion:FMV on Sale of Rental Property
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Discussion Forum Index --> Tax Questions --> FMV on Sale of Rental Property
TaxBearMar (talk|edits) said: | 21 March 2006 |
| I would appreciate help in how to determine the "relative fair market value" of rental property sold. There is both land and the house itself involved and if I am not mistaken I need to find the FMV to determine the percentages I use for each right? | |
| 21 March 2006 | |
| Try the ratio established for assessed value on a real estate tax bill. | |
Rebeccahaines1 (talk|edits) said: | 26 March 2008 |
| For me the rental property is a trailer/ mobile home that was sold as part of the residence and land. The assessed value is low, but almost 20% of the total assessed property. I can't imagine the FMV of this trailer purchased used by the seller in 1984 could be worth very much. Any suggestions? | |
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