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Old 01-26-2007, 01:35 PM
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Join Date: Jan 2007
Posts: 6
I Sold inherited stock! How do I calculate my basis?

I sold inherited stock in 2006 and it seems that I cannot get a good answer on how to calculate the gain or loss on sale of this stock.

I received the stock in 2003 when the value of the stock at time it was inherited was 15,000.

When I sold the stock, it was worth $32,000.

What is my reportable gain?



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