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The4thHenry
Mar 17, 2010, 04:40 PM
Father passed away on 9/30/2008 - Inherited Stock on 1/27 09 and sold it the same day - how is it reported on schedule D

MukatA
Mar 17, 2010, 11:27 PM
Your cost basis of the stocks is the fair market value on 9/30/2008 or any alternative date chosen by personal representative of the estate. Report sale on schedule D. Inheritances: Your U.S. Tax Return: Tax on Inheritances (http://taxipay.blogspot.com/2008/02/tax-on-inheritances.html)