My mother had a TOD account which was split among her 4 kids after her passing in 2016. The account was split into 4 new accounts and then the 4 new accounts were closed. This all took place between August 20 and Nov 21, 2016. The 1099-B form from the investment firm has a summary page and then several detail pages. The detail pages are a mixture of Short Term-Noncovered, Long Term-Covered and Long Term-Noncovered. I am able to enter Box 1d and 1e from the summary page but do not know what Sales Category to select. Boxes 1f and 1g are $0 as well as Box 4 is $0. Because these are inheritance funds, do I even need to enter this 1099-B? Do I even owe taxes on these funds which are less than $12k total. Please advise. Thank you! Jill B.
