The cost basis of the asset can be "The fair market value (FMV) of the property on the date of the decedent's death". Source: https://www.irs.gov/faqs/interest

The cost basis of the asset can be "The fair market value (FMV) of the property on the date of the decedent's death". Source: https://www.irs.gov/faqs/interest-dividends-other-types-of-income/gifts-inheritances/gifts-inheritances https://www.irs.gov/faqs/interest-dividends-other-types-of-i...