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Get your taxes done using TurboTax
The basis of the stock would be what you paid for it or the value that you included in your tax return income in the year that you took possession of it. If you didn't report the value on your tax return in the year that you received it 15 years ago, and you didn't pay anything for it, then you need to compensate for that by listing the cost basis as $0 in 2023, the year that you sold it.
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‎January 8, 2024
11:17 AM