My husband died and I inherited stocks which I sold in 23. What is the cost basis for the sale? Date he purchased or date of his death?
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Sorry for your loss. Value at date of death.
If the stocks were only in his name at the time of his death, then your cost basis in the stocks is likely the fair market value of the stocks on the date of death.
There are websites which can tell you the stock price on a given date.
IRS Publication 551, page 10, here states:
The basis of property inherited from a decedent is generally one of the following.
To post the sale of stocks, follow these steps:
Sorry for your loss.
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