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Thanks, to both of you. I posted in another forum on here I think, as well as a craigslist discussion forum. Ultimately what I've determined/learned, is that it boils down to whether an inherited property is going to be lived in, rented, or sold. If I inherit a property after Feb 15 and I live...

Hi, question about estate planning and real estate gifting and taxes. If I inherit property from my Dad when he dies, I'll get the stepped-up cost basis, and prior to prop 19 in California would also keep the low property tax assessment. Prop 10 changes that a bit. Basically the property gets...