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If I received an inheritance in stock from a trust, the cost basis determined by: a) Cost of stock at purchase prior to receiving it b) Stock value on day of transfer
I received stock in-kind through a trust in Sept 2020, however my 1099-B shows the cost basis as when the stock was purchased in 2015, before I got it. I read that cost basis on inherited stock should be based on the stock value at time of inheritance disbursement. Which is correct?
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March 9, 2021
4:05 PM