3 siblings inherited their mothers house valued at $90k They decided to split it up evenly and turn it into a rental property, making the basis is $30k for each. In 2025 one brother passed and the remaining siblings now own 50% each. The value of the property at his passing was $150k They sold the property shortly after for $150k Ignoring recaptured depreciation, land value for now, how do I increase the basis of the property per sibling reflecting the FMV of the home when the brother passed? My calculations are: 30k original basis 50k FMV of Brother’s share at time of passing 25k inherited from brother’s share 55k new basis Is there a way to increase the basis of the home asset entry, or do I make a new asset for 25k and call it “2025 Inherited Basis” then dispose of the asset at $0.00