Capital Gain Income Last month, your grandfather passed away and left you 500 shares of Apple stock. On the day he passed away, the stock was worth $189 per share. He purchased the shares for $73 per share in 2009, and today, the shares are priced at $196. Calculate the basis of the stock you inherited.

Answer rating: 100% (QA)

The basis of the stock that is inherited is determined b... View the full answer