@LoveBug71 wrote:
She passed in April - I inherited them around August sold them this month.
For $11,950 = 700 coins (silver)
She paid maybe $3-6 per coin 4 years ago.
And? You need to do the math yourself. Your cost basis is the value on the day she died, not the day they were physically given to you. You can work that out by calculating the weight from the selling price and the market price of silver on that day, and then once you know the weight, you can determine the value on the day she died using the market price on that day. You haven't provided the exact dates for us to calculate it and we really shouldn't have to do that for you anyway, it's pretty simple math.
Then, you will owe long term capital gains tax (15%) on the gain in value between the day she died and the day you sold them. You don't owe tax on the entire value, just the gain during the time you owned them. We already explained how to enter this in Turbotax.
