Hi!My parents bought their home in cash in 1999 for $100K. About 5 years ago, they put my name on the title for the home to make things easier for me when they pass away.Well, they both have just passed away, and I am in the process of selling the home for $450K.Will I owe the long term capital gain on this sale? Or will step up basis apply since I inherited the property after their death?
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