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Question

Cost Basis

1 reply
10 views

I have owned a stock for quite a few years. The stock is in my name only. If I die, what would be the cost basis for my spouse? Would it be the price of the stock on my date of death?

Alumni - Intuit

Yes, if your wife inherits that stock from you, her cost basis will be the fair market value of that stock on the date of your death (stepped-up basis).

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