- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
capital losses from deceased siblings brokerage account
I inherited a brokerage account from a sibling in 2020. The sibling purchased 1000 shares of ABC at $30/shr.. At the time of her death the stock value had dropped to $17 and became my basis for cost price. The current value is back to $30 and I must realize a Capital Gain of $13 per share if I were to sell. Can a capital loss of $13 a share be taken against my sister's final income tax return.
ā€ˇFebruary 22, 2021
1:18 PM