Q: 15
In 2004, your Uncle Oscar purchased 300 shares of Hasbro, Inc. for $19 a share. Uncle Oscar died
earlier year and left his Hasbro stock to you. The stock was selling for $44 on the day he died, but by
the time you learned that you were the beneficiary of the stock, the price was $47. A month later,
you notice that the stock is selling for $55 and decide to sell it.
What is the tax consequence of this sale to you?
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