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william58
Feb 17, 2010, 07:58 AM
I inherited some stocks and sold them, how do I figure capital gains?

MukatA
Feb 17, 2010, 07:39 PM
Report sales on schedule D (Form 1040). Your cost basis is the fair market value at the date of inheritance. Your U.S. Tax Return: Tax on Inheritances (http://taxipay.blogspot.com/2008/02/tax-on-inheritances.html)