inheriting land with restrictions - what are the actual tax things to sort out My uncle recently passed and left me a piece of land that has some conservation easements and zoning restrictions on it. I've been trying to get my head around the tax side of things and it's honestly more complicated than I expected. From what I've read, the stepped-up basis is probably the most important piece - the cost basis resets to fair market, value at the time of death, so if I were to sell soon there shouldn't be much capital gains to worry about. That part seems pretty settled under current law. But the restrictions make it harder to get a clean appraisal, which I didn't anticipate. The appraiser basically has to adjust the fair market value downward to account for what you can't do with, the land, so documenting that properly seems really important - both for establishing the basis and for any future sale. I'm also trying to figure out the property tax side since my state may reassess after the transfer.…