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I know that the basis of stocks received from an inheritance is the value of the stock on the date of death. I have two questions though.

1) Lots of web sites give current stock values. Are there any that give you values for specific dates in the past. I have found graphs of 6-month histories, but cannot read from them the specific values. I'd like to enter a stock and a date and read the data.

2) Does the 18 month capital gains treatment apply to inherited stocks. When does the clock start ticking? At the day of death or the day of transfer?

TIA

Don
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1) Try checking this website http://www.tradepbs.com/pbscgi/hstqtetd

2) The length of time held for capital gains purposes starts when the original person bought it. (I have a vague recollection that inherited property is treated as long term for all purposes, but I don't have my tax book near me right now so I am not sure)

Wendy
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<<I know that the basis of stocks received from an inheritance is the value of the stock on the date of
death. I have two questions though.

1) Lots of web sites give current stock values. Are there any that give you values for specific dates
in the past. I have found graphs of 6-month histories, but cannot read from them the specific values.
I'd like to enter a stock and a date and read the data.>>

Sorry, but I don't have any information on a web site that you might be able to use to meet your requirements. Perhaps somebody else around here will be able to help you out. If you DO use a broker, simply pick up the phone and ask him/her. They should be able to provide you with that date.

<< 2) Does the 18 month capital gains treatment apply to inherited stocks. When does the clock start
ticking? At the day of death or the day of transfer?>>

Yup...in fact inherited stock get a big break. As amended by the Technical Corrections bill, inherited property (including stock) sold after a decedent's death can be reported as a disposition of property held for more than 18 months, regardless of how long the beneficiary actually holds the property. Good news.

Hope this helps...
TMF Taxes
Roy
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