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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Bruce A. Thompson who wrote (7517)11/22/2001 5:53:28 PM
From: fishweed  Read Replies (1) of 99280
 
I believe they're deemed sold at time of death for value purposes and the estate is responsible for any taxes due on the capital gain. Whoever inherits them is responsible for taxes on any capital gain from date of death. They can also be sold and the money becomes part of the estate.

Do you (or does anyone else) know what the "cost basis" on inherited stock would be? Big family discussion going on here.
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