I inherited a stock in 2007. I sold it in 2016 and rolled proceeds into a different stock. Are the proceeds from the sale taxable?
The proceeds totaled $24,542.41. I reinvested all but $3000. Do I have to pay tax on the $24,542.41 or the $3000? If just the $3000, do I claim a cost basis of $21, 542.41? Thanks much.
