If I inherited shares of mutual fund in 2017 is the $ amount reportable?

rlcurt · ‎June 6, 2019

MinhT · ‎June 6, 2019

An inheritance is not taxable and is not reported on your tax return.

If you sell these mutual funds, you have to report any capital gains or losses. The cost basis of these shares is their market value on the date you inherited them.

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View solution in original post

MinhT · ‎June 6, 2019

An inheritance is not taxable and is not reported on your tax return.

If you sell these mutual funds, you have to report any capital gains or losses. The cost basis of these shares is their market value on the date you inherited them.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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If I inherited shares of mutual fund in 2017 is the $ amount reportable?