Liquidating inherited stocks receiving cash intimidating men attractive
The value of inherited stocks is determined by the date of death.
Liquidating inherited stocks receiving cash
Over the next 60 years, the stock split a few times and increased in value, so when he died, he left you 650 shares at $20 each -- $13,000.
Rather than inherit his tax basis, you get the stepped-up basis of $13,000.
Bye holds a Bachelor of Journalism from the University of Missouri.
Unfortunately for beneficiaries, handing out inheritances is the very last thing the executor or personal representative of a probate estate will do.
The tax legislation in 20 known as the Bush Tax Cuts provided for the gradual repeal of the estate tax.