Asked by Robin, Lynchburg, VA • Tue Mar 8, 2011
My father transferred his house to my sister & me in 2003. We sold it last year. For tax purposes, we need to know what to put down as the fair market value to calculate any capital gains. The tax assessment was far lower
then what we would have sold it for in 2003. The house appraised for $241,000 last year. He built it in 1963 with numerous improvements. We sold it for $215,000 in 2010. Is there any particular website to find sold houses in a particular area, in 2003 and what they sold for?
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