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Author: rensimer Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: help with capital gains cost basis Date: 2/18/2001 4:07 PM
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Q: what is the basis price for the stock? i'm told that the basis price would be the price the stock closed at on the day my grandmother died. (the stock was standard oil new jersey.)

One small nit to pick, which shouldn't alter your capital gain to any major extent: The basis for the price of inherited stock (as opposed to mutual funds shares) is the mean share price on the date of death, not the closing price.
WTR
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