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Deductions & credits
It does not matter if the value changes after the date of death. Your cost basis doesn't change with fluctuation in the market.
There are rules for the financial agents who hold investments and report transactions on redemption or sales of stock/bonds.
- Covered means the agent knows and provides the cost basis
- Noncovered means the agent does NOT know the cost basis
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‎February 22, 2022
6:32 AM