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How to show house cost basis step up due to death of spouse.
I am doing my father's 2016 taxes using TurboTax Deluxe Desktop. He sold his home in 2016, purchased in 1961, his joint owner wife (my mother) died in 2008. I don't see any entries in TurboTax to show his stepped up home cost basis due to his spouse's death. I see how to enter his improvement expenses, but not the stepped up cost basis due to my mother's death. How/where do I show this step-up? Surprisingly, according to Zillow, the house was worth more in 2008 than it sold for in 2016!
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‎June 7, 2019
3:48 PM