Oct 14, 2022 · Imagine the decedent died on Saturday, September 18, 2021, a weekend when the markets were closed, and we are trying to find the fair market value for Exxon Mobil stock …

Jan 9, 2025 · Learn how to accurately assess the fair market value of inherited stock shares and understand the tax implications involved.

Nov 5, 2024 · Most of the time, you calculate the cost basis for inherited stock by determining the fair market value of the stock on the date that the person in question died.

Apr 3, 2015 · Ordinarily, you take the average of the highest and lowest quoted selling prices on the date the original owner died to come up with the cost basis for inherited stock.

Apr 12, 2016 · If the date of death fell on a weekend, perform this step for the Friday before and Monday after, then add the results from each date and divide by two. In your spreadsheet, use …

Apr 19, 2017 · Scroll through the list of dates to find the owner's date of date. Average the highest and lowest stock price for that day to get the approximate value of the stock.

Mar 14, 2025 · The cost basis of inherited stock refers to the value assigned to shares received from a deceased individual, typically based on the stock’s fair market value on the date of …

Feb 10, 2021 · Determining the fair market value is done by taking the average of the highest selling price and the lowest selling price of the stock on that date. For instance, if the stock’s …

May 8, 2025 · To find the value of shares, multiply the number of shares by the price per share. For example, if the deceased person owned 1, 000 shares and the closing price on the day of …

Generally, the price of publicly traded stock can be determined using what the shares sold for on the date the decedent died. So if a decedent owed 100 shares and a share sold for $18 on the …