Hi -

I'm no tax expert, but my recollection is that you list the basis as the value at the time of inheritance, and the net gain/loss based on the sell price at the time of the sale. Also, if you inherited it more than a year ago, it's a long term gain/loss. If under a year, it's a short term gain/loss. Probably not quite so important for a loss than a gain:-(

Net of all this is that I THINK \you would end up booking a net $9.00 per share loss (more or less).

However, I'd feel better about this advice if some other Fool would chime in and support my statement:-)

Later,

HarryG