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Investors & landlords
Except 50% of the FMV on the original owner's date of passing would not be @sbavc's cost basis because @sbavc only inherited or succeeded to the sister's share...... @sbavc said the property was originally owned by @sbavc and a brother and a sister....each presumably owning 1/3. So, the step up in basis would apply only to the 1/3 that was inherited.
‎April 13, 2021
12:25 PM