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03-13-2008, 09:30 PM
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| Taxes on Inheritance?
Assuming an estate uses alternate values (six month). After probate, assets are distributed. Is the cost basis for capital gains and losses the six month values or the date of actual distribution. In either case, what date is used for determining if a gain is short or long term. Date of death, six month alternate value or the date of actual distribution to survivors.
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