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-   -   Tax law - Inherited stock and sold it - how do you claim it on tax return (https://www.askmehelpdesk.com/showthread.php?t=458457)

  • Mar 17, 2010, 04:40 PM
    The4thHenry
    Tax law - Inherited stock and sold it - how do you claim it on tax return
    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
  • Mar 17, 2010, 11:27 PM
    MukatA

    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

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