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You don't report it at all. Tax wise, nothing happened.
The cost basis in the shares remains the same . Using an example; if the trust originally bought the shares for $10/share and the stock was worth $50/share when transferred to the beneficiary, the beneficiary's cost basis is $10/sh when he eventually sells it
You don't report it at all. Tax wise, nothing happened.
The cost basis in the shares remains the same . Using an example; if the trust originally bought the shares for $10/share and the stock was worth $50/share when transferred to the beneficiary, the beneficiary's cost basis is $10/sh when he eventually sells it
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