drbuckman
New Member

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?