@Mike7388 wrote:
Is my basis soley based on the market value when my Mother died, or does my father's death factor in at all.
If the house was jointly owned (which it appears it certainly was) and the value was included in your father's gross estate and your mother's gross estate (which is almost a certainty as well), then your basis would be the fair market value on the date of death of your mother (the last life tenant to die).
