Inherited Stocks

I inherited 50 stocks oh TESLA
My question is when I sell the stock how is capital gains calculated on:
- On original price
Or
-On the I inherited price
Reply to
boo
In article snipped-for-privacy@googlegroups.com,
Your gains basis would be the value as of the date of death of the person you inherited it from.
Reply to
John Levine
Exactly right - unless the stock came from an IRA, 401-K or other kind of qualified plan. In that case tax is on the full sale price.
Reply to
Stuart O. Bronstein
With the possibility of a credit due to estate taxes paid, right? I forget how that works, but I keep it tucked in the back of my head.
Reply to
Taxed and Spent

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