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
-On the I inherited price
Reply to
In article,
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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