Investors & landlords

For property held as JTWROS by a married couple in common law states, one-half of the property receives a step up in basis upon the death of the first to die.

 

For property held as community property in community property states, the property is stepped up to its full market value.

 

See https://www.cpajournal.com/2017/08/18/greatest-hits-community-property-step-basis/