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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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March 31, 2025
4:16 PM