Discussion:Step Up Basis in stocks

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Revision as of 19:38, 13 October 2007
Www.cpa1.biz (Talk | contribs)
(Thank you D&T...)
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Revision as of 07:56, 14 October 2007
Bengoshi (Talk | contribs)
(Hi Brian, don't)
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{{ForumReplyPost|UserID=Www.cpa1.biz|Date=13 October 2007|Text=Thank you D&T....}} {{ForumReplyPost|UserID=Www.cpa1.biz|Date=13 October 2007|Text=Thank you D&T....}}
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 +{{ForumReplyPost|UserID=Bengoshi|Date=14 October 2007|Text=Hi Brian, don't mean to pry or question you or anything like that...but reading your profile it kind of gives the impression that passing the CPA exam is enough to be a CPA (which of course isn't true)...I'm sure you're aware of your state's particular licensing requirements (usually a combination of education, experience and passing an exam), which must be met before holding yourself out as a CPA. Just in case you're not aware though, I thought I'd mentioned it.}}

Revision as of 07:56, 14 October 2007

Discussion Forum Index --> Basic Tax Questions --> Step Up Basis in stocks
Discussion Forum Index --> Tax Questions --> Step Up Basis in stocks

Www.cpa1.biz (talk|edits) said:

13 October 2007
Almanacers,

If a deceased parent leaves her child stocks, what basis is used for cost? Is it the original cost or cost on the date of death?

please advise,

Bj

Death&Taxes (talk|edits) said:

13 October 2007
http://www.irs.gov/publications/p551/ar02.html#d0e2000

Www.cpa1.biz (talk|edits) said:

13 October 2007
Thank you D&T....

Bengoshi (talk|edits) said:

14 October 2007
Hi Brian, don't mean to pry or question you or anything like that...but reading your profile it kind of gives the impression that passing the CPA exam is enough to be a CPA (which of course isn't true)...I'm sure you're aware of your state's particular licensing requirements (usually a combination of education, experience and passing an exam), which must be met before holding yourself out as a CPA. Just in case you're not aware though, I thought I'd mentioned it.