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I'm sorry for your loss. As for your question, the step-up in basis rule generally applies to property that is owned directly by the decedent. In your case, the commercial property is owned by the LLC, not by your husband directly. Therefore, the step-up in basis rule may not apply directly to the property held by the LLC.

However, the membership interest in the LLC that your husband owned could potentially receive a step-up in basis. This could indirectly affect the basis of the property held by the LLC, depending on the specifics of your situation and the LLC's operating agreement.

This is a complex area of tax law, and the specifics can vary widely depending on the details of your situation. It's a good idea to consult with a tax professional who can look at your specific circumstances and provide guidance.