Can a realtor’s CMA support a home’s value for estate taxes? | NC

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Q: Can we use a realtor’s comparative market analysis to support the fair market value of a house for an estate tax filing? A: Sometimes—but a realtor’s comparative market analysis is usually best treated as supporting documentation, not the strongest proof of fair market value for an estate tax filing. For estate related tax reporting, what matters is a defensible fair market value as of the…