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You will use the FMV of the stock on the date of inheritance as the cost basis. Also use the date of inheritance as the date of acquisition.
You may want to ask the selling broker to search records for clues to help determine basis.
If this option doesn't t work, you may have to make an educated guess about when the stock price when it was acquired. You can do that by going to the company’s website or Yahoo Finance to find historical high and low prices for that period. (They should be adjusted for any splits.)
You will use the FMV of the stock on the date of inheritance as the cost basis. Also use the date of inheritance as the date of acquisition.
You may want to ask the selling broker to search records for clues to help determine basis.
If this option doesn't t work, you may have to make an educated guess about when the stock price when it was acquired. You can do that by going to the company’s website or Yahoo Finance to find historical high and low prices for that period. (They should be adjusted for any splits.)
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