Question about stock value

[Anonymous]

I will be inheriting some stock. To determine my cost basis, or "death value", I found an online calculator I can use to find historical values of stocks. It provides an opening value, closing value, and adjusted value (which adjusts for splits and some other things). Which value should I use to determine my basis?
Thanks in advance!

[Anonymous]

It doesn't matter. You get a step up in basis.

[Anonymous]

If I understand correctly, I get a step up on the date that the individual died. Is that correct? Or is it adjusted to the date that I actually receive the stock? Thanks.

[Anonymous]

Anonymous wrote:If I understand correctly, I get a step up on the date that the individual died. Is that correct? Or is it adjusted to the date that I actually receive the stock? Thanks.

FMV at death, I believe.

[Anonymous]

Yes, the date of death.

[Anonymous]

average value on date of death. In some circumstances it can be date of death + six months - but that makes it complicated enough to see an accountant.

[Anonymous]

Anonymous wrote:average value on date of death. In some circumstances it can be date of death + six months - but that makes it complicated enough to see an accountant.

Thank-you very much!