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Stepped up basis of stock following death of Joint Owner
I own several publicly traded stocks that my parents bought for me when I was a child. Originally, they were owned via a UGM account. But when I became an adult, the stock was transferred to a joint account WROS owned jointly by me and my mother (my father died many years ago). My mother died in 2020. Question: Do I get a stepped up basis in 100% of the stock since 100% of the purchase price was paid by my parents?
Thanks!
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March 3, 2021
7:39 PM