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If widower sells 2 house in same year. Can he use step up basis on 2 houses? Does he add her fmv to his total basis or 1/2 of his basis on each house?

snoopy
Level 1
It is a community property state.
0 Cheers
1 Comment 1
abctax55
Level 15

Please keep all your questions in ONE thread, not in three.  (which I now see has *already* been pointed out to you...)

And you can see the responses in those.

Thanks

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/if-i-use-step-up-basis-...

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/can-i-have-the-500-000-...

 

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