You'll need to sign in or create an account to connect with an expert.
Your cost basis is actually the lower of the Fair Market Value at the time of the gift (2013) or the price your father paid for the stock, whichever is lower.
Your cost basis is actually the lower of the Fair Market Value at the time of the gift (2013) or the price your father paid for the stock, whichever is lower.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
chamonix
Level 2
focus123
Level 2
OrangeRob
New Member
MD-Taxpayer1
Returning Member
frankdigiu
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.