Vanessa A
Expert Alumni

Investors & landlords

The basis of your LP stock would be the FMV on the date the person you inherited it from died.  You can find this by using a tool such as Yahoo Finance

 

Unless you had to invest more money into the stock, you would not have any at risk amounts or passive activity losses. The numbers you need the most for this are the FMV on the date of death and the price you sold the stock for.  If you have not yet sold it, then there would not be any reporting required for the inheritance.  This will occur when you sell it. 

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