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How is the basis of a decedent's home determined?

A reader wants to know how the basis of a home is determined in estate planning.

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The home of a decedent became an asset of his estate upon his death. His three children are fiduciaries of the estate. If the estate sells the home, does the cost of the home receive a stepped up basis, or is the original basis carried over to the estate when it was established?

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By ttpham41
May 15th 2021 11:15 EDT

My family was in the same situation. The original basis held in that same scenario

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