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lkt
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How do I figure the cost basis for inherited stock when the death date was a holiday; use the day before or the day after?

 
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TomD8
Level 15

How do I figure the cost basis for inherited stock when the death date was a holiday; use the day before or the day after?

Use the closing price on the day before the holiday.  That price wouldn't change until after the holiday.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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1 Reply
TomD8
Level 15

How do I figure the cost basis for inherited stock when the death date was a holiday; use the day before or the day after?

Use the closing price on the day before the holiday.  That price wouldn't change until after the holiday.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.
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