Inheritance of Property-Capital Gains taxes
If a spouse inherits multiple properties upon death that were in the deceased name, does that spouse need to get those properties assessed at the time of death so that the properties value can be determined if the spouse decides to sell any property later? How many assessments are needed for each property? Who assesses the properties? Is this how it is done so the spouse doesn't have to pay capital gains from the time the property was bought but from the time it was inherited?:cool: :cool: