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Your aunt died two years ago and left you some stock that she purchased about ten years ago for $50,000. The stock was worth $120,000
Your aunt died two years ago and left you some stock that she purchased about ten years ago for $50,000. The stock was worth $120,000 when she died and is worth $150,000 now. If you sell the stock, what is your cost basis for Long Term capital gains tax?
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