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    Msfayp's Avatar
    Msfayp Posts: 1, Reputation: 1
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    #1

    Apr 10, 2014, 12:34 AM
    Start date for determining capital gain
    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
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    #2

    Apr 10, 2014, 01:38 AM
    Date of death for both. How long you have owned the stock and your tax bracket determines the rate, it could be zero.
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #3

    Apr 10, 2014, 05:30 AM
    Quote Originally Posted by ma0641 View Post
    Date of death for both. ...
    Assuming OP inherited the stock, rather than received it before grandmother's death.
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