Question

I inherited stocks and later sold them. How do I figure my basis on these stocks?

No text available

Employee

Your basis is the the value of the stock when you inherited it. The holding period is always long term.

As you inherited the stocks, their cost basis for you is the fair market value of the stocks on the date of death of the previous owner.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

2 replies