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Federal Employees Benefits Q &A

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boatnfish  
#1 Posted : Saturday, August 31, 2019 7:14:09 PM(UTC)
boatnfish

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Joined: 1/12/2014(UTC)
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Not sure if this is the proper forum, but thought I would put it out there.

A federal retiree that owns stocks upon death. Some of the stock have been held for many years and have appreciated in value significantly.

Trying to understand the cost basis of these stocks when they transfer, or if it is better to sell the stocks in the estate and transfer the cash to the heirs. Is it better to have the deceased sell them (is that even possible), or transfer the certificates per the trust/will.

From what I can tell, the cost basis resets to the current value on the day of death. Initial thought would be it is better to transfer the stocks to the heirs since the costs basic is set to the day of death. The recipients would then determine what works for them, sell, hold.
Ed Zurndorfer  
#2 Posted : Sunday, September 1, 2019 5:52:50 AM(UTC)
Ed Zurndorfer

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If the deceased's stock certificates are bequested to heirs via a will or a trust (rather than gifted), then the cost basis of the stock shares for each heir is the fair market value (average share price) of the stock on the day of the deceased's death.
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