My husband and I bought a home together in 2007. In 2013, we changed title to a revocable living trust, with the two of us as trustees. The home has appreciated a great deal. My husband died in June of 2022 and I will probably sell the home within the next year. I reside in Colorado. I believe I can take 1/2 of the FMV as of the day of his death as a "step up". Do I also receive his $250K exclusion as long as I sell the house within 2 years of his death? When figuring the capital gains, I have kept good records of all improvements, can I deduct all of these, or only 1/2 of the amount as "my" portion of the contribution since I will have the step up. I cannot find any sort of form or worksheet to plan ahead for these issues. Thank you for any guidance.
