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Investors & landlords
@2020Emjay2020 wrote:
Is original stock considered a gift or an inheritance?
If you were a joint tenant with your aunt, then at her death her share (undivided one-half interest) passed to you by operation of law (i.e., you "inherited" her one-half interest which would receive a stepped up basis as of the date of her death).
You will have to determine the original basis of your one-half, however.
‎February 8, 2020
6:30 PM