Deductions & credits

The estate still has the property, it is supposed to be divided evenly between all 3 of us.  If we leave it in the estate, can the estate still use the Step-Up or to us the Step-Up, does it have to be given to one of the inheritor's like myself.  I don't want to do that, because then I would  have to claim the capitol expense and claim the income I believe and my health insurance would go up as well.