USA the minor's act

Dec 6, 2018
Reaction score
United States
Two years after my father died in 2013, I found a document that indicated that 500 shares of a publicly owned company. Those shares were in my name but he was the custodian under the 'minor's act.' I was then 61 at at the time. The shares were transferred then and I am now about to sell them. How is a cost basis determined? Would it be the price on the day/date when I turned 18 or on the date of my dad's death? Please help! Thank you.


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

Uniform Gift to Minor's Act 4
USA Minority Interest Accounting 1
USA Closing business - confused with a minor detail 0
Minor Annoyance 6
minor beneficiaries 3
Return for minor 5
Minority Game 3
Minor bug? 2