Ian Bryzek, CPA
How do you reconcile conflicting basis records?
Conflicting values are a reason to preserve the disagreement and investigate it, not to pick the most favorable number.
One file may contain an appraisal, an assessor value, a broker opinion, and a handwritten estimate.
These records may address different dates or purposes, including California property tax rather than federal income-tax basis.
What to gather
- Every conflicting record
- Document dates and stated purpose
- Appraisal engagement and report
- Deed and ownership timeline
- Notes of questions for the preparer
Who usually handles what
- Ian can organize the tax reporting question and the supporting records.
- James Valdez can provide an independent residential fair-market-value appraisal.
A practical next step
Create a comparison sheet that identifies what each number actually measures.
When a property value is part of the picture
When residential real estate needs a supported fair market value as of a relevant date, an independent appraiser may be part of the documentation process. Ian does not determine fair market value.
Related guides
This is general tax information, not tax or legal advice. Outcomes depend on the documents, ownership, timing, and law that apply to the particular facts.