- Inherited Stock
- A stock that an individual obtains through an inheritance after the original holder has died. The cost basis for the stock is based on the market value of the security upon the donor's death. If the stock value increased during the time it was held by the deceased, its cost basis is "stepped up" when ownership is transferred .
Unlike gifted securities, for tax purposes, the security is not valued at its original cost basis. Only the appreciation from the day of inheritance is subject to a capital gains tax.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Isle of Man Railway rolling stock — The rolling stock used on the Isle of Man Railway today is entirely original but the serviceable passenger coaches number 14, out of an original total of 75 carriages. The railway was provided with various stock from different manufacturers over… … Wikipedia
Amtrak rolling stock — Amtrak operates 425 locomotives (351 diesel and 74 electric) and a variety of railroad cars, both passenger and service stock.LocomotivesDiesel Inherited from other railroadsThese locomotives were inherited from many of the Class 1 railroads that … Wikipedia
Withdrawn British Rail Stock — is British railway Coaches, Waggons and locomotives that have been removed from service. Withdrawn Locomotives Steam locomotives BR inherited more than 20,000 locomotives from the constituent Big Four companies, the vast majority of which were… … Wikipedia
New York City Subway rolling stock — The New York City Subway is a large rapid transit system and has a large fleet of rolling stock. Contents 1 Overview 1.1 General Overhaul Program 1.2 The R Prefix 2 … Wikipedia
Coaching stock of Ireland — A wide variety of hauled coaches have been used on the railways of Ireland. This page lists all those since 1945. Contents 1 Republic of Ireland 1.1 Laminate stock (now withdrawn) 1.2 Park Royal stock (now withdrawn) … Wikipedia
London Underground S Stock (ex-Metropolitan Railway) — Infobox Underground stock name = S Stock (ex Metropolitan Railway) InService = 1919 1950 Manufacturer = Weight = CarWidth = CarLength = CarSeating = TubeStock=true S stock is the designation given to one train of eight cars by London Underground… … Wikipedia
Naming of British railway rolling stock — Since the invention of the very first railway steam locomotive in 1804, railway companies have applied names to their locomotives, carriages and multiple units. Numbers have usually been applied too, but not always; the Great Western Railway only … Wikipedia
London Underground engineering stock — Over the years, London Underground has acquired various types of engineering stock to help with the construction of new lines and maintenance of existing lines. Some of these wagons were inherited from its predecessors, many were built new and… … Wikipedia
Sir William Langhorne, 1st Baronet — Infobox Governor name = William Langhorne order = office = Agent of Fort St George (Madras) term start = 1670 term end = 1678 lieutenant = predecessor = George Foxcraft successor = Streynsham Master birth date = c. 1634 birth place = death date … Wikipedia
Ann Walton Kroenke — is, indirectly, an heir to part of the Wal Mart fortune. Along with her sister, Nancy Walton Laurie, Kroenke inherited stock from father, Bud Walton (died 1995), who was an early business partner and brother of Wal Mart founder Sam Walton. Her… … Wikipedia