u/James98296

We are being audited by the IRS for our 2024 tax year. We sold a property that year which had 3 different uses - a primary residence, an equestrian facility supporting a schedule C business and a rental unit. When we allocated the sale price we did it without a formal appraisal. This was an $8.2 million sale. I’d like some guidance on going back and doing a formal valuation that is in line with the IRS FMV requirements. I have no idea how to find someone qualified to do this who has experience with the IRS and this kind of mixed use property. Any advice would be greatly appreciated.