DavidD66
Expert Alumni

Investors & landlords

Since the property remained in the name of the original owner until time of death, the surviving spouse receives a full step-up in basis to the market value at the time of death in 2011.  The surviving spouse inherited 100% of the property, not a 50% interest.  Surviving spouse had no ownership interest in the house prior to inheriting it.  The original owner spouse could have left the house to a child or a sibling instead of spouse.  

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