Hello. My grandmother died in 1983. Her will left her property to me while granting my mother life estate interest. My mother died in 2003. Is my cost basis the Fair Market Value at the time of my mother's death or my grandmother's death? How would I go about determining what the FMV was? I don't know if it makes a difference, but my mother also had a will leaving everything to me. Do I add improvements I made to whichever amount it is? Thanks!
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