Sold inherited stock

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  • zeros
    Senior Member
    • Dec 2006
    • 921
    #1

    Sold inherited stock

    Is stock eligible for the stepped up basis? Client inherited stock from father and sold it at a much lesser price than FMV.
    Tags: None
    • Burke
      Senior Member
      • Jan 2008
      • 7068
      #2
      Yes, stock is eligible for stepped-up basis if inherited. Use date of death FMV.

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