Which is a valid reason for requesting an appraisal?

Requesting an appraisal for federal income and estate taxes is valid and commonly necessary for several reasons. When an individual passes away, their estate must be evaluated for tax purposes, including federal estate taxes. An appraisal provides an accurate market value of the deceased person's real estate, which is essential for calculating the total value of their estate. This valuation helps in determining any taxes owed and ensures compliance with tax law requirements.

In addition, when filing federal income taxes, property owners may need to report fair market value for certain tax deductions or to establish the basis for capital gains taxation when the property is sold. Thus, an accurate appraisal becomes crucial for proper tax reporting and liability calculations.

Other options, while they may seem relevant, do not generally require an official appraisal for their processes. For instance, federal tax returns typically do not necessitate a property appraisal, real estate tax sales usually involve different procedures, and homeowners association disputes are more likely to be resolved through negotiation or legal means rather than requiring a formal appraisal.