TomD8
Level 15

Investors & landlords

@Hal_Al has a good point.  If your brother acquired the house as the remainderman in a life estate deed, he would receive a "step-up" in his cost basis to the property's FMV at the time of the father's passing.  A step-up in basis could be very beneficial tax-wise.  

**Answers are correct to the best of my ability but do not constitute tax or legal advice.