Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
J
jefftruong
October 29, 2024
Question

Rental property taxation

  • October 29, 2024
  • 1 reply
  • 0 views

Hi

I inherited a rental property in California when my husband died. The property is under my name. California has community property law. Does step-up apply to whole value or 1/2 (half) of value of the property. Thank you

Kim

    1 reply

    A
    Anonymous_
    Employee
    October 29, 2024
    No text available
    J
    jefftruongAuthor
    October 31, 2024

    Hi

    Does it mean I do not have to pay for capital gain tax if I sell it now.  Thanks

     

    A
    Anonymous_
    Employee
    October 31, 2024
    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification