if an investor inherits mutual fund shares, what's her cost basis? a the nav of the shares on the date of the owner's death b the nav as calculated 90 days after the owner's death c the same cost basis as the deceased owner's d the same cost basis as the deceased owner's plus any capital gains distributions

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19-12-2022
Business

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if an investor inherits mutual fund shares, what's her cost basis? a the nav of the shares on the date of the owner's death b the nav as calculated 90 days after the owner's death c the same cost basis as the deceased owner's d the same cost basis as the deceased owner's plus any capital gains distributions

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akursharma9034 akursharma9034 · Answer 1 · 2022-12-22T11:51:37-05:00

The correct response is a. The NAV of the shares on the date of the owner's death. The market value on the date of the original owner's death is often used as the cost basis when an investor inherits securities. This shows the net asset value (NAV) of the mutual fund as of the owner's passing.

The original purchase price is included in the cost basis of the decedent. The inheritor often receives a larger (i.e., stepped up) cost basis by obtaining the market value at the time of death, which lowers her capital gains. A Canadian rapper, singer, songwriter, and record producer by the name of Nav (stylized in all capitals), Navraj Singh Goraya was born on November 3, 1989. In 2015, he launched his career as a producer, working with fellow Canadian rapper Drake on the song "Back to Back." After his song "Myself" went viral in 2016, he then came to the public's attention. Amir "Cash" Esmailian and Wassim "Sal" Slaiby, who work for the Weeknd's record labels XO Records and Republic Records, are responsible for managing Nav. In 2017, Nav released his self-titled debut mixtape as well as Perfect Timing, a joint project with American music producer Metro Boomin. Reckless, Nav's first studio album, was released in 2018. Bad Habits, his second studio album, was then made available; it debuted at the top of the US Billboard 200. Gunna and Travis Scott's "Turks," which Nav released in 2020, was his highest-charting song as a lead artist. It debuted and peaked at number 17 on the Billboard Hot 100. His third studio album, Good Intentions (2020), which was later published and went on to become his second number-one album on the US Billboard 200, has it as the lead single.

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