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CA client own a rental in Hawaii. Spouse passed in 2018. Do we step the entire basis per CA rules, or only 1/2 as property is situated in non-community property state?

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Level 1
last updated ‎December 07, 2019 3:27 AM

Property purchased while married and CA residents.

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Level 15
last updated ‎December 07, 2019 3:27 AM

Basis adjustment is made according to the rules of the state of residency of the decedent, not of the property. 


ex-AllStar

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Highlighted
Level 15
last updated ‎December 07, 2019 3:27 AM

Basis adjustment is made according to the rules of the state of residency of the decedent, not of the property. 


ex-AllStar

View solution in original post

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