My grandmother passed away in India and in her probated (in India) will gave my mother life interest in her (my grandmother's) house. I received the remainderman interest. I was in the U.S. as an international student at the time and not a U.S. resident. I am now a US citizen and resident.
My mother has now passed away and the house in India has been sold. For U.S. tax purposes, is the cost-basis for the house its value at the time my grandmother passed away or when my mother passed away ?
Both my mother and grandmother were Indian citizens and residents.
