Google something like ""life estate deed step up in basis" or "gift deed life estate stepped up basis"
You'll get plenty of references like https://www.esslawfirm.com/articles/factors-to-consider-when-transfering-a-residence-for-elder-law-a....
Which states, in part, "Pursuant to ‘ 2036(a) of the IRC, the transfer of a residence with a retained life estate permits the transferee of the residence to receive a full step up in his or her cost basis in the premises upon the death of the transferor, to its fair market value on the transferor’s date of death).
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You'll get plenty of references like https://www.esslawfirm.com/articles/factors-to-consider-when-transfering-a-residence-for-elder-law-a....
Which states, in part, "Pursuant to ‘ 2036(a) of the IRC, the transfer of a residence with a retained life estate permits the transferee of the residence to receive a full step up in his or her cost basis in the premises upon the death of the transferor, to its fair market value on the transferor’s date of death).
