Quote:
Originally Posted by Mo_Gearhead
If I understand your post, you never paid a dime for anything?
Thus, You had no capital gains.
It's a gift. No taxes.
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NO.
You still have a basis. It is the date of the gift, or the date of inheritance if that is how acquired. For the latter, you get some add'l options re when "acquired"
BTW - enjoy your loss!