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Get your taxes done using TurboTax
The manner in which your wife acquired the mutual funds would not change; she still acquired the funds by inheritance, which would typically establish your wife's basis and acquisition date in the funds (fair market value on the date of death of her mother in 2022).
However, it does not much matter since your wife has held the funds for more than one year. As a result, her holding period for the funds is long-term.
‎February 18, 2024
7:40 AM
2,833 Views