home sale step up value when spouse passes. where enter value

[joe_archer_sr]

san diego calif 2023 taxes

can and should the step up home cost basis be entered after spouse passed in 2021? the comp home value at that time was 1.380,000.

where do i enter this value for home value. i have tt professional.san diego cal  22feb2024

need to know what to do for cal home sale in san diego???

all great except for entering step up basis vaue for cal home sale. wife died in 2021, this step up in home basis needs 2 be inserted for home sale value.

where do i enter the home value that is the stepped up value defined by the current market value from realtors when my wife passed???

please help me!!!!

[email address removed]

[DianeW777]

The living spouse would use the following as a cost basis for the sale of their home after the death of their spouse, assuming both names were on the deed before death.

1. Half of the fair market value on the date of death (stepped up basis)
2. Half of the actual cost of the home, including original cost, purchase expenses, capital improvements 
3. Add 1 & 2 together to arrive at the full cost basis to enter when completing a sale of your home.