SIE - Securities Industry Essentials Exam
Your client just inherited some shares of DEF common stock. What is your client's cost basis?
The exact cost basis of the deceased personA
The cost basis of the deceased person minus estate taxB
The fair market value of the shares on the date of the original owner's purchaseC
The fair market value of the shares on the date of the deathD
The cost basis for inherited stock is the fair market value on the date of the original owners death.