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Get your taxes done using TurboTax
Thank you for the clarification. Since the account was solely owned by your father, you would not use the 50/50 Rule.
Your mother is entitled to a 100% step-up basis (entire asset basis at FMV on date of his death).
The 50/50 Rule would apply to jointly owned accounts, not to an account that was passed to her as an inheritance.
This applies even if they filed a joint return.
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‎February 22, 2026
2:48 PM