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April 19, 2023
Question

How do I file when the cost basis of inherited property is unknown? the bond matured.

  • April 19, 2023
  • 1 reply
  • 0 views
the 1099b states basis unknown.

1 reply

April 19, 2023

The rules work the same way as they do for inherited stocks. The fair market value on the date of death(or the alternate valuation date if so elected by the executor) becomes the new beginning cost basis.   

 

 

 

 

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