estate tax limits
how can I get CPA to give me basis of an investment?
I have a limited liability (real estate based) investment that I inherited in ‘97. I sold it last year and need to get the basis of this investment.
The CPA who has been handling the tax returns for this partnership told me that she may not have records that go back that far.
The general partner told me to ask the CPA, the CPA referred me back to the general partner.
How can I get my basis for this investment?
Is the CPA under any legal obligation to provide me with this info once I request it?
If so, does the CPA have a time restriction or can she keep me in limbo forever as long as she says she’ll look into it?
Okay the cost basis would simply be the market value of the asset at the time you inherited it. You can actually guestimate. It is not that big of a deal.
**I would say get them on a conference call and tell them you want it resolved.**
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