529952
My father and mother lived in New York. My father worked for a life insurance company. The company gave him stock during a demutualization in the year 2000.
They moved to Washington state, a community property state. My father died in 2017. My mother had the stock reissued in her name only so that she could sell it., which took place in 2018. I know the price on that date and of course the sales amount but what is the basis, and how do I determine it. I don't know how the stock had his or their names prior to her changing it to hers only.
You'll need to sign in or create an account to connect with an expert.
Your mother's cost basis is the market value of the stock on your father's date of death. You can do an internet search for a site that will look up historical stock prices. Here is a link to one site: http://www.marketwatch.com/tools/quotes/historical.asp
Your mother's cost basis is the market value of the stock on your father's date of death. You can do an internet search for a site that will look up historical stock prices. Here is a link to one site: http://www.marketwatch.com/tools/quotes/historical.asp
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ilenearg
Level 2
K-REALTOR
New Member
johnplowe1974
New Member
trust812
Level 4
ericbeauchesne
New Member
in Education