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Assuming you are trying to find out the cost basis for income tax purposes, the number you're looking for is the market value of the stock on the day you inherited it. The federal government does not make you pay tax on the growth of the stock while your parents owned it. It's a nice little tax break for those fortunate enough to inherit stock.

If you still need to know how much they paid for it, you would have to find out who they bought it from or it could have even been given to them. If it was purchased through a brokerage account in the last few years, the brokerage firm should be able to trace it back and find out the original purchase price.

2007-07-19 19:48:35 · answer #1 · answered by Anonymous · 0 0

If your parents passed away, then your cost basis is the cost on the date of their death. You could go to Yahoo Finance, enter the stock symbol and download historical price data.

2007-07-20 00:35:19 · answer #2 · answered by skipper 7 · 0 0

If you're interested in the "cost basis", it's from the date of your parents passing.

2007-07-19 23:33:13 · answer #3 · answered by Common Sense 7 · 1 0

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