@Hal_Al wrote:
Google something like "life estate deed step up in basis"
That is correct, except those are all instances where the property is included in the gross estate of the decedent.
If the property is not included in the gross estate of the decedent, there is no step up in basis.
The saving grace on the facts presented by @Scorp_930 in this thread is most likely the relatively low market value of the property as that value makes it unlikely to be questioned by the IRS.
