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Father died in 2017. While living in New York, many years ago, he worked for life insurance company.

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.

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JulieR
Expert Alumni

Father died in 2017. While living in New York, many years ago, he worked for life insurance company.

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

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4 Replies
JulieR
Expert Alumni

Father died in 2017. While living in New York, many years ago, he worked for life insurance company.

Have you contacted the brokerage that reissued the stock in your mother's name?

Father died in 2017. While living in New York, many years ago, he worked for life insurance company.

Yes. they only told me the price on the day it was retitled.

Father died in 2017. While living in New York, many years ago, he worked for life insurance company.

Even if her name was not on the stock when it was issued?
JulieR
Expert Alumni

Father died in 2017. While living in New York, many years ago, he worked for life insurance company.

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

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