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State tax filing
It depends on how it was retitled. If he just gifted you the whole property out right before his date of death then there would be no step up basis. If he added your names to the title and his was still there as well, then you inherited his portion at death, so there will be some step up basis there. Finally, if the title went to a grantor (revocable) trust and then you inherited, there will be step up basis.
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March 13, 2024
8:14 AM