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Level 1
December 7, 2019
Solved

CA client own a rental in Hawaii. Spouse passed in 2018. Do we step the entire basis per CA rules, or only 1/2 as property is situated in non-community property state?

  • December 7, 2019
  • 1 reply
  • 6 views

Property purchased while married and CA residents.

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Best answer by George4Tacks

Basis adjustment is made according to the rules of the state of residency of the decedent, not of the property. 

1 reply

George4Tacks
Level 15
December 7, 2019

Basis adjustment is made according to the rules of the state of residency of the decedent, not of the property. 

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