I have a customer. She and her husband bought property and house together. Since his passing in the will it stated his kids got 1/2 of the money when it was sold. This was not their homestead.
The taxpayer would get to use step up in basis upon the death of her spouse?
The will did state his kids got 1/2 the money upon the sale. The 1099S received by the mom was only for her 1/2 of the sale. The kids all received 1099S for their portion.
