Question
California widow selling Hawaii real estate
Couple lives in California and owned rental real estate in Hawaii. One spouse just died and the other wants to sell the Hawaii property. For the feds I will step up 100% to the property to current value. But how about for Hawaii since it is not a community property state? And is my plan for the feds correct as they live in a community property state?
And how do I handle the depreciation already taken?
