I inherited stocks this year. The took a loss since I got them. Is this a deductable loss?

[Leonard · Accepted solution]

No, if you did not sell the stock then the loss is not a deductible loss.  Gains or losses on stocks are only reported when you sell your stocks.

If you sold your stocks you would have received a Form 1099-B from your broker to report the sale of your stocks.

[fanfare]

keep records of the value on date of death. That's your cost basis.