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Investing
When you sell the shares, how you will be taxed, half of the investment’s tax basis was stepped up when your mother died.
That means when you sell, the capital gains or losses on your half of the investment will be based on the stock’s value when you originally purchased it, but the basis of your mother's share will be based on its value at the time of her death.
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March 4, 2021
10:54 AM