BobKamman
Level 15
07-15-2020
09:27 PM
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Washington is a community-property state, so the basis would be stepped-up on the entire property at the first death in 2009. Too bad he didn't die in 2007; prices fell about 20% in the two-year period 2007-09. They then increased 60% from 2009 to 2019, so you probably have a gain of about $75,000, less any improvements bought since the first death.
You did file an extension so that you could sort this all out, right?