Strongsilence-C PA
Level 10
04-12-2024
01:12 PM
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Mother passes years ago.
Shares belonging to the beneficiary - my client - go into a black hole (held up for unknown reasons) even though there was a trust/will. They are eventually received by CA unclaimed property in 2021.
In 2022, my client receives the stock from CA Unclaimed Property on 6/3/2022
I assume her tax basis is the FMV. But what is the date?
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