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You are correct. The value of the stock is determined on the date of passing, Technically, the date of the death valuation isn't just the closing price of the stock that day. Instead, to calculate the value of the stock on the date of death, take the average of the highest selling price and the lowest selling price of the stock on that date.
TurboTax has made allowances to make this correction.
You are correct. The value of the stock is determined on the date of passing, Technically, the date of the death valuation isn't just the closing price of the stock that day. Instead, to calculate the value of the stock on the date of death, take the average of the highest selling price and the lowest selling price of the stock on that date.
TurboTax has made allowances to make this correction.
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