yes, it is complicated. Prior to reaching out, I did read publication 551. As far as I understand, there was not any depreciation or depletion associated to the residence that would adjust the cost. There is also the matter of the FMV at the time of my spouses passing in 2019. If acceptable, Realtor.com provides several sources and Zillow also provides a reference. What I've concluded from all of this information: My basis would be half of the purchase price ( 72, 500 ) plus half of the FMV ( 335,300- Zillow) at his passing ( 167,650 ) which equals $240,500. Am I understanding this information correctly?
