Hello
I am very sorry to hear of the loss of your husband.
1) Use the date of death as your step up date.
2) Get real estate appraisals for your rentals based on date of death.
3) Determine if your state is community or non community. This will be part of your calculation to determine your final step up basis. You can google search for examples of the math.
4) When and if you sell properties, capital gains or losses will be taxable and based upon rental sale amount minus the step up basis calculated at date of death.
Please Note: these steps are informational only and you should do independent research based on your particular situation. Good Luck And All The Best!
