My question is- in figuring the amount of stock I get- Is it the value of the stock on the date of death ( I know that's the cost basis for selling) or the value on the day I recieve it.
2006-08-05 16:46:00 · 4 answers · asked by surf 1 in Business & Finance ➔ Other - Business & Finance
Thanks, but you're not answering the question. Is the amount of stock I get figured by it's worth on the date of death or the date I get it ?- In this case 9 months after death. The inheritence is a specific monetary amount not a specified stock (s).
2006-08-05 17:24:50 · update #1
That strikes me as very odd. It sounds like the answer you seek should've been stipulated in the will. I think you need to ask the executor of the estate and read the will to be sure. If the inheritance is in money right now, why do you have the option of taking the money in stock? It doesn't make sense.
2006-08-07 10:52:49 · answer #1 · answered by Muralasa 3 · 0⤊ 0⤋
When you inherit stock, you get the shares period. The value fluctuates. It has gone up / down since then guaranteed since that's what stocks do.
The date you inherit is important because that is the value basis for tax purposes. If you make profits on the stocks, then you pay taxes on the increase from that date, or if there is a loss, then you get a tax break on that loss.
Congrat's on your inheritance. Now you should subscribe to Investor's Business Daily and if you can't understand that publication, then you should take a basic course on stocks.
Plenty of money to be made in the market for those that do their homework.
2006-08-05 23:52:16 · answer #2 · answered by jjttkbford 4 · 0⤊ 0⤋
Take the cash,then invest in mutual fund account.
2006-08-05 23:54:56 · answer #3 · answered by Anonymous · 0⤊ 0⤋
my guess will be the price of it when it was cashed in. was it cashed in immediately at the time of death or you put in control of the stock to cash in at you choosing?
2006-08-05 23:51:40 · answer #4 · answered by Anonymous · 0⤊ 0⤋