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Inherited Stock Basis in regards to aquisition costs
Typically when selling stock the cost basis can include any aquistion costs or disposition costs in determining the cost basis. I know that inherited stock basis is typically on the date of death, but what if the previous owner paid a premium to originally acquire tht stock. Can the inheritor include these costs in their cost basis.
Thanks in advance
Bill
Topics:
March 20, 2023
10:59 AM