Suggestions

:speech_balloon:

Model inherited assets, like real estate, cars, etc.

Great for something like inheriting a home or other physical asset.

Basically a checkbox to say this is inherited which means it won’t subtract the purchase price when adding it to cash flow. Also it will track the cost basis to the Initial Market Value instead of using Purchase Price.

6 votes

Tagged as Suggestion

Suggested 31 August 2024 by user Shawn S

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  • 31 August 2024 Shawn S suggested this task

  • 31 August 2024 Kyle Nolan approved this task

  • avatar

    ran into this, thanks for adding. seems like a common inheritance issue for any RE or other assets that could product income or expenses, but not cost anything to acquire.

    01 September 2024
  • avatar

    In addition to a checkbox to indicate an asset as inherited, I’d like to model future inheritance. Something like, “my parents own a commercial investment property currently worth $400K with current rent, property taxes, and expenses of $xxx, $yyy, $zzz. I expect to inherit the property in 10 years.

    08 October 2024