I inherited stocks and bonds from a relative.Normally the cost basis is the date of the decedent's death.The brokerage firm locked the accounts until they received letters of testamentary from the probate court. There were delays by the court and the stocks and bonds decreased in value. Does this change the basis date to when the funds were available?

1 Answer 1


The basis is as of the day of the death.

You must log in to answer this question.

Not the answer you're looking for? Browse other questions tagged .