Discussion:Step Up Basis in stocks
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Discussion Forum Index --> Basic Tax Questions --> Step Up Basis in stocks
Discussion Forum Index --> Tax Questions --> Step Up Basis in stocks
Www.cpa1.biz (talk|edits) said: | 13 October 2007 |
| Almanacers,
If a deceased parent leaves her child stocks, what basis is used for cost? Is it the original cost or cost on the date of death? please advise, Bj | |
Death&Taxes (talk|edits) said: | 13 October 2007 |
| http://www.irs.gov/publications/p551/ar02.html#d0e2000 | |
Www.cpa1.biz (talk|edits) said: | 13 October 2007 |
| Thank you D&T.... | |
| 14 October 2007 | |
| Hi Brian, don't mean to pry or question you or anything like that...but reading your profile it kind of gives the impression that passing the CPA exam is enough to be a CPA (which of course isn't true)...I'm sure you're aware of your state's particular licensing requirements (usually a combination of education, experience and passing an exam), which must be met before holding yourself out as a CPA. Just in case you're not aware though, I thought I'd mentioned it. | |
| 14 October 2007 | |
| wwwCPA, your answer to the question about the basis of a gift can also be found in Pub 551. | |
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