jacciu
Returning Member

Investors & landlords

Excellent, thank you. In an earlier response in a community state where the entire basis is stepped up you directed the requestor to convert the property to personal use then acquire the new stepped up basis.  How do I do this for my situation when only half the basis is stepped up.  Can I convert half to personal use and then acquire the same property at the stepped up basis and only use half for personal use.  I assume TurboTax allows this.  Thank you