Stock inherited at stepped up basis on 2-9-08. If you sell in 9 mos., is 2-9-08 purchase date on tax return?

Just wondering if I use the original purchase date on my tax return which would make the transaction long term or the 2-9-08 date, which would make the transaction short-term. The transaction is going to be a loss from the stepped up cost basis.|||Inherited stock is ALWAYS long term.





You put "inherited" as the purchase date.|||Any inherited property you sell results in long term capital gain or loss.


For more information on inheritance taxation read: http://taxipay.blogspot.com/2008/02/tax-鈥?/a>