---

@judys3 wrote:

they also had rental property that was never included on tax returns.  

She has created an LLC for the rental property in 2022.  

How do I figure the value of these properties when they haven't owned them for years

---

I'm confused about the timing too.

Is it more than one rental property?

When was it/they "placed in service"?

Do they still own them?  If not, when were they sold

Was the rentals literally "never" reported on their tax returns for as long as they owned them?

Is this a Single-Member LLC that has NOT made any elections to be taxed as a corporation (it is a Disregarded Entity)?

Which year(s) tax returns are you preparing?  Was an extension filed for 2023?