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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
Level 1
he sold 2 house and using only 1 exclusion but trying for step up basis on both.  
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2 Comments 2
Just-Lisa-Now-
Level 15
Level 15

Community property state or not?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
qbteachmt
Level 15

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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