@SaratogaSam1 wrote:
.....I assume I use the actual basis on the purchase date instead of date of death as well?
Yes, you use the price paid on the purchase date instead of the date of death valuation as the basis.
@SaratogaSam1 wrote:
.....do I need to first determine who received those exact shares and then tell them the actual basis and date of purchase?
Did you liquidate the shares and distribute cash or did you distribute the actual shares? I have to assume it was the former and, if so, the proceeds would typically be shared equally or in accordance with the will or per the laws of intestate succession.
