@bicichica wrote:
Because the purchase date and cost basis started anew on the inherited property, does the reporting of 1031 exchange funds also go away?
Yes, property that is acquired from a decedent (that is included in the gross estate) is stepped up to its fair market value as of the date of death (which would be in 2017).
Of course, generally, only one-half would be stepped up if the property were held jointly with the other spouse.
