"If inheritance you get step up in basis to fmv so no need to keep track of costs."
Your missing it, they eliminate FMV at time of death and you have to go back to when you deceased relative bought it, it's cost then, and the increase in basis, aka improvements from then on.
10 posted on 02/20/2021 11:22:10 AM PST by taildragger
("Do you hear the people Singing? Singing the Songs of Angry Men!")