It depends. You can use a stepped up basis for the other half of the house on the date of death of your father's wife/your Stepmother, if it was still in her name as well as the family trust. The trust must be a revocable trust and the house was also included in her estate.
- Revocable Trusts: Assets held in a revocable trust are generally considered part of the grantor's estate and are eligible for a step-up in basis.
- Irrevocable Trusts: Assets held in an irrevocable trust are typically not included in the grantor's estate and do not receive a step-up in basis.
For more information about your situation, you may want to consult an attorney or CPA both educated in estates and trusts.
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