Your husband's basis is half of the fair market value when he inherited the house in 2008.
Example:
2008 inherited house at Fair Market Value, say $200,000 or $100,000 to each brother.
Son's basis = dad's basis plus amount paid to uncle.
@135963
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
