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Basis on inherited metlife trust interest shares.
I inherited my fathers Metlife Trust Interest shares that were allocated to eligible policyholders as a result of the demutualization and are held in the MetLife Policyholder Trust (the “Trust”) in book entry form. These shares are held electronically with Computershare as custodian of the Trust. I have sold all of the shares and was told by Computershare that that my basis is "0". I believe that since I inherited the shares that my cost basis should be an average of the lowest and highest price it traded at on the day of his death. Am I correct?
Thanks for any help the community might lend!
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March 3, 2020
4:35 PM