"My husband died in May of 2020. If I sell our house within 2 years of his death, can I use the full $500k marital exemption on gains. I live in Nevada, which is a community property state. That means I get a full step-up in basis on the property when he died. So, if I wait longer than 2 years to sell will I only get the $250k exemption but at least I will have a higher basis?"
Watch this episode of Ask The Hammer to find out.