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To: benwood who wrote (104909)5/25/2001 3:17:30 PM
From: Logain Ablar  Respond to of 436258
 
Ben:

The rule now is if you inherited a stock your basis is the fmv on the date of death or 6 months after the date of death. This follows where the estate values the assets either on the date of death or 6 months after.

Even if the estate was not large enough to require estate tax filings the assets are treated as if they went through the estate. So if there is no estate tax return you get to choose the most advantageous date / fmv for cost basis.


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