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barristj82
March 2, 2025
Question

After 12 years of trading and growth, is an inherited stock portfolio still considered an inheritance for the purpose of reporting stock sales gains?

  • March 2, 2025
  • 1 reply
  • 0 views
I have not made any additional contributions, but the individual stocks have changed over the years. Is it all still considered inheritance, or is this determined by the accumulation date of each stock being before or after the inheritance date?

    1 reply

    rjs
    rjs
    Employee
    March 2, 2025

    The portfolio is not the inheritance. The inheritance is the specific shares that were in the account on the date of the previous owner's death. Anything that you purchased after the date of death is not inherited. When you sell shares that were in the account on the date of death you can designate them as inherited.

     

    fanfare
    fanfare
    Employee
    March 3, 2025

    "After 12 years of trading and growth,"

     

    you may no longer own any of the inherited shares.

    you must keep good records of date purchased and price, as well as reinvested dividends, if any.

    If you have stayed with the same broker all this time, the broker has the records.

     

    after 12 years, the "inherited" designation doesn't help you .

     

     

    @barristj82 

     

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