Stocks Basis
When I inherit stocks, the step up basis is used…but?
the stock at death was valued $100, what if when I receive the stock is only worth $50. Can the loss be tax deductible?
You can only get a loss when you sell the stock or when it is deemed worthless. Your basis in the stock would be the $100, unless alternative valuation was used (that’s something you need to find out). While the stock is only worth $50 when you receive it, that is an “unrealized” loss, which is not deductible. You will get the loss if/when you sell it.
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