Check with the lawyer who did the probate on her estate. It should have been determined then.However, to answer your question, gifts over $10,000 permanently reduce the unified credit (what the IRS calls the estate exemption) and are supposed to be filed on Form 709. You would get the tax basis and holding period of your Mom. When she died, you would get her portion of the stock written up to the value on the date of death. The value on the date of death is the average of the days high and low prices. Also for estates over $650,000 I think there's an alternate date of valuation that can be chosen of six months after the date of death.
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