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Thanks so much for your reply.

I owned the property as JTWROS and my parents were joint tenants with one another. Based on that, I believe that I would be considered 1/2 owner both before and after my father's death. If that is correct, I think the following would be the correct calculation of my basis after my mother's death:

FMV 1981 = 60,000
FMV 1999 = 100,000

My basis = 80,000 (30,000 + 50,000)

Does that look right to you?
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