M-MTax
Level 12

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.