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Not sure to start a new thread or not, but I'll try not to.
I'd like to put to bed the stepped up basis in my house due to my husbands passing.
Just get the paperwork together and put it aside for whenever I sell.

So
I purchased a home by myself.
I sold the home and filed form 2119, adjusted basis of new main home.

The new main home was purchased and put in both my and my husband (to be) names.
He passes away years later.

Since I have the basis of my single purchase of a home...then going to a joint ownership, I'm confused about how to manage the first basis.

I was not married and the cost basis on the first house I owned was 100k.

It was my single cost basis prior to joint ownership. It doesn't feel right that I should half that? It was my cost basis, not my deceased husband's. Can you tell I'm confused and just want to tuck this away with the deed in case I sell?

I'm thinking
My original adjusted basis 100k
.5 appraised value at date of passing xxxk
.5 improvement costs xxk
________________________________________________
new cost basis in house

Appreciate any thoughts...


nag
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