No. of Recommendations: 1
Your cost basis is the value of the stock on the date of death or in some cases some date after the death. If you sell you will have a capital gain (or loss) on the difference between the selling price and your cost basis.
Additional questions about taxes might be put on the Tax Strategies message board.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.