kzaccountingllc
Level 3
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Thank you all for your useful reply and I really appreciate it.  I just talked to my client again and the house is owned jointly by my client's elderly parent.  The dad passed away in 2009 but the mom is still alive.  So in this case will my client be able to get 1/2 of the step up basis of the hose based on 2009 FMV?

 

Thank you.

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