pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
It may be even better than that. CA is a community property state, so the step up in basis if the property was appropriately titled, is 100%, so both halves (not just 50%).
Basis of Inherited Property (Community and Non-Community Property) - CFP | Investopedia
Step-Up in Basis Rule-Common Mistakes | Financial Alternatives Inc
CABarb, based on where you are located, you can stop by a AARP TaxAide location during tax season (Feb-Apr) and our wonderful volunteers can help you with your taxes (for free). Google it.
I volunteer at South Bay locations here in Bay Area. PM me if you'd like.
Good point. I forgot about the community property difference. Even better.