Step up in basis
My father and his live-in girlfriend executed a warranty deed/life estate for their jointly owned house. I and the daughter of the girlfriend were the remaindermen. My father died, the girlfriend is still living. The house was sold, the proceeds were split three ways using the appropriate percentages. My question is: since my father was deceased when the house was sold can I use a step up in basis when I report the capital gains on Federal tax forms? Thanks.
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