What Is an IRS Appraisal
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What Is an IRS Appraisal
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About this listen
Real estate IRS appraisals determine the fair market value of a property for tax purposes. A licensed appraiser assesses the property and compares it to similar properties in the area. It's essential to understand your tax obligations, deductions, and credits as a property owner to avoid legal and financial consequences. Gifting properties may also come with tax implications, so it's important to consult a licensed appraiser or tax professional for guidance.
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.