When determining capital gain on stock for taxes, is beginning date the date of my grandmother's death, (I received stock from her) or from the time she purchased those stocks. Also, same question concerning cost basis
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When determining capital gain on stock for taxes, is beginning date the date of my grandmother's death, (I received stock from her) or from the time she purchased those stocks. Also, same question concerning cost basis
Date of death for both. How long you have owned the stock and your tax bracket determines the rate, it could be zero.
Assuming OP inherited the stock, rather than received it before grandmother's death.Quote:
Originally Posted by ma0641
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