Stock obtained by an individual through an inheritance after death of the original holder. For tax purposes the cost basis of the stock is considered to be the fair market value at the date of the holder's death. This is known as the stepped-up basis.
Related information about inherited stock:
- Inherited Stock
Jan 3, 2007 ... The Motley Fool - How do you account for inherited stocks, for tax purposes?
- Sale Of Inherited Stock Could Be Tax Help | Bankrate.com
Mar 14, 2012 ... If you inherited stock and have to sell it at a loss, the sale could help you at tax time.
- Taxes on Inherited Stock
Oct 15, 2001 ... I inherited stock worth $67000 in May 2000 and sold it for about $64000 in March 2001 to make a downpayment on a house. I don't owe tax on ...
- Inherited Stock Definition | Investopedia
A stock that an individual obtains through an inheritance after the original holder has died. The cost basis for the stock is based on the market value of the ...
- Cost Basis - Inherited
If you inherited stock, the cost basis will depend on when you inherited it and from whom (spouse vs non-spouse.) In general, if you inherit it before 1/1/2010, ...
- Tips on how to handle inherited stocks without a tax sting - Nov. 29 ...
Nov 29, 2000 ... There are many important issues when it comes to inherited stock, ... And when you're talking about inherited stock that has been in a 401(k), ...
- How to Sell Inherited Stocks - Budgeting Money
Shares of inherited stock should be moved from the deceased's account to your own. This will require you to work with the executor of the estate to secure a ...
- Biz brain: Cost basis for inherited stock? | NJ.com
May 2, 2012 ... It is called stepped up because generally speaking assets held a long time appreciate in value and thus the value is "stepped up" at death.