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jjk_10s
New Member

Inherited stock basis using alternate valuation date and the assess is sold before that date? can this be done?

 
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Leonard
Intuit Alumni

Inherited stock basis using alternate valuation date and the assess is sold before that date? can this be done?

No, you will have to use the basis at the time of death.  If your brokerage did not provide you with the cost basis then you have to use the basis when you inherited the stock you can not use a value for the basis for at a time after the sale.

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1 Reply
Leonard
Intuit Alumni

Inherited stock basis using alternate valuation date and the assess is sold before that date? can this be done?

No, you will have to use the basis at the time of death.  If your brokerage did not provide you with the cost basis then you have to use the basis when you inherited the stock you can not use a value for the basis for at a time after the sale.

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