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
Inherited Stocks
May 30, 2020
Last reply: 6 years ago
3 Replies
Your gains basis would be the value as of the date of death of the person you inherited it from.
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.
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.
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