turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

JanFi
New Member

Cost basis of inherited demutualized Prudential shares

My husband and I each received Prudential stock in separate accounts as part of the Prudential demutualization many many years ago.  Upon my husband’s recent death in 2023, I inherited The Prudential demutualized stock that was in my deceased husband’s account, and the shares went into my account.
I’ve been told the original cost basis was at zero when given years ago.

 

Do I use the “step up” method and find the FMV on the day of his death??  Is the FMV at the time I inherited the stock what I would use as the cost basis to determine gain now that I am selling those shares??

 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question