The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Inherited stock cost basis||Date: 7/17/2003 5:52 PM|
|Author: wwallberg||Number: 66208 of 122628|
I'd like to thank all for the replies. To clarify a question asked:
Is there any particular reason why the distributions have not taken place in the last 20 months?
Things are moving a little slower than everyone would have anticipated / hoped. Basically my mother passed away 7 months prior to Dad. Assets were split between them with Mom being heavy on cash and house and leaving Dad very cash poor but with sufficient assets(stocks). I couldn't justify selling stock at losses to pay some outstanding bills and felt if I could stall a year the market climate might improve. Fortunately it has (somewhat).
Again - thanks for the quick responses and information.
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