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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."
‎February 22, 2022
7:51 PM
16,445 Views