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Investors & landlords
When mom added two children, they owned 1/3 of stock at her cost basis. When mom died, they owned balance from 1/3 to 1/2 at DOD basis. Son sold some stock; could broker have sold last LIFO at DOD cost, which was likely higher than original cost basis, making less gain for him?
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‎June 1, 2019
1:18 PM