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?

snoopy · ‎03-17-2023

he sold 2 house and using only 1 exclusion but trying for step up basis on both.

Just-Lisa-Now- · ‎03-17-2023

Community property state or not?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

qbteachmt · ‎03-17-2023

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-...

Thanks.

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