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the sale of our second home my wife passed away 8 years ago so do i claim her half of the home party of my inheritance

Level 1

my wife and i our joint owners on our second home, since she has passed away can i claim her half of the house as my inheritance because we sold the house

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4 Replies 4
Level 15

Half of the house should get a step up in basis equal to the FMV at her date of death.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
Level 13

@tax wizard 

Are you using TurboTax? If so, you are lost on the internet. That community can be found at this link:

https://ttlc.intuit.com/community/discussions/discussion/03/302

 

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"Level Up" is a gaming function, not a real life function.
Level 15

But wizards are welcome here --------------------- this forum could use a little magic now and then.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
Level 11

And all of it, in a community property state, even using TurboTax .