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Stock question - was my Talen stock inherited or not. Stock was split off as another company from stock that was inherited. Do I use the cost bases on the day inherited
The stock was inherited in 1991. In 2015, another corporation was split off and issued stock on a 1 share of their company per 8 shares of the original company. The new company purchased back all stock in 12/16. What is my cost basis? the day I inherited the original stock (PPL) or the day the Talen stock was issued?
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‎June 4, 2019
2:57 PM