Investors & landlords


@DavidD66 wrote:

No. Do not adjust the original cost basis.  If your parents were in a community property state, your mother can claim a new stepped-up basis on the home's entire market value.


We just wrote that.

 

Also, @dplew is aware of the stepped up basis since the original post contained the following sentence:

 

"My mother received a full step in basis since since the rental was community property."