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When is basis for shares of ETF purchased by testamentary trust after DOD, but not distributed to heirs until later?
The decedent's estate was placed into a trust. The trust purchased shares of mutual funds and ETFs a year after the DOD. Shares were distributed to the heirs months later. Is my "date of purchase" and cost basis determined by the date that I acquired the shares, or the date that the shares were purchased by the trust?
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‎August 3, 2024
6:23 AM