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Richard
Richard, Attorney
Category: Estate Law
Satisfied Customers: 54026
Experience:  29 years of experience practicing law, including tax and estate planning.
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I inherited property from my husband when died in 2008, do I

Customer Question

I inherited property from my husband when died in 2008, do I receive a step up value
as a market value at the time of his death in 2008'
Submitted: 10 months ago.
Category: Estate Law
Expert:  Richard replied 10 months ago.

Good evening. My name is ***** ***** I look forward to helping you.

Yes, the basis of the property you inherited from your husband did get adjusted to its fair market value as of the date of his death. So, when you sell it, the basis in the property is based upon that adjusted fair market value.

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