Reply To: Step up cost basis on a house

Home Fairmark Forum Other Tax Topics Step up cost basis on a house Reply To: Step up cost basis on a house

#3782
Lilac
Participant

I am not too worry about it as I am not selling my house now, just a question popped up in my head. I did get 100% step up cost basis on all our investment accounts. Just wandering if the house is the same.
I think I will need to appraise the house now for the future when I want to sell the house either for the benefit of full or half of the step up cost basis.
Maybe spending around $400 now is worth it rather than years down the line I have to back track to find the value of the house when my husband passed.
Thanks again.