Investors & landlords

@danielpelc 

 

You take the average of the high and low that the stock traded for on the date of death. 

 

Example: If the high for the day was $25 and low for the day was $24, your basis would be $24.50.

 

If the decedent (the person from whom you inherited the stock) died on a weekend, you would average the high and low for both Friday and Monday and then average those two prices.