"My mother and I own stock in a coop apartment. It is titled as JTWROS. She contributed 100% of the purchase price. The state is California if that is relevant. She past away. My question is what is my cost basis as I intend to sell the apartment. Thanks...................Leo"
My mother passed away. We have a $30,000. checking account held JOINTLY. She contributed all of the funds. Both of us live/lived in California. While there are no estate or inheritance taxes due, am I responsible to pay other taxes on this amount? What would they be? If there is tax due, what...