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MikeSid MikeSid is online now
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Join Date: Nov 2003
Location: Seattle
Posts: 1,258
Inherited assets get a stepped up tax basis to the date of death. Her basis in the stock is the date of death value. She will realize a gain or loss on the difference between the date of death value and the value she sells at. 26 USC 1014(a).
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Old 05-05-2022, 08:37 AM
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