## How to figure cost basis on gifted stock

14 Jan 2020 This would leave you with 1,500 shares at a cost basis of \$5 to be sold at another time. Cost Basis of Gifted or Inherited Shares. In the event the  5 Jun 2015 Figuring the Cost Basis of a Gift of Stock. Start with the amount the original owner paid for the shares and add dividends and brokerage

## Calculator for cost basis of a gift using rules for carryover basis, fair market value, lower of cost or market, and basis for gain versus basis for loss.

14 Jan 2020 This would leave you with 1,500 shares at a cost basis of \$5 to be sold at another time. Cost Basis of Gifted or Inherited Shares. In the event the  5 Jun 2015 Figuring the Cost Basis of a Gift of Stock. Start with the amount the original owner paid for the shares and add dividends and brokerage  Calculator for cost basis of a gift using rules for carryover basis, fair market value, lower of cost or market, and basis for gain versus basis for loss. 3 Jan 2020 To figure out the basis of property you receive as a gift, you must know three amounts: The adjusted cost basis to the donor just before the

### 17 Oct 2016 The rules behind inherited stock and tax basis are relatively simple. When you inherit stock from someone, your tax basis becomes the value of

Cost basis is an important calculation used to determine gains and losses on any shares you January 1, 2011: for stock securities purchased through a brokerage firm; January 1, What is my cost basis for an investment I received as a gift? Faced with a six-figure commitment, you might as well do your best to mitigate By gifting appreciated stock, you avoid any long-term capital gains tax liability to the recipient of your gift – there is no “step-up” in cost basis when gifting stock;   Use the Securities Donation Calculator to estimate the potential tax benefit of income tax rate, your federal long-term capital gains rate and the cost basis of  24 Jul 2017 For gifted assets, one option is to simply assume that the original cost was zero, and pay tax on 100 percent of the proceeds after a sale. A stock