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Level 2
March 17, 2023
Question

If I use step up basis for widower do i use only the fmv as basis or do I add it to all of his basis or half of his basis? What do I us as basis?

  • March 17, 2023
  • 2 replies
  • 7 views
he sold 2 house and using only 1 exclusion but trying for step up basis on both.  
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2 replies

Just-Lisa-Now-
Intuit Community Champion
March 17, 2023

Community property state or not?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
qbteachmt
Level 15
March 17, 2023

It really would be better to update the original topic where you already are asking about this (assuming it's the same widower and the same two properties), here:

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/can-i-have-the-500-000-exclusion-on-one-house-with-wife-and-a/00/254114

Thanks.

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