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Get your taxes done using TurboTax
Maybe I'm missiing something but if your brokerage form shows the cost basis on the date of death, you already have the correct basis and dont even need to answer that they were inherited. Someone else should confirm this but my understanding is the whole point of the inherited shares is you determine the cost basis on the date of death which might result in a step up or step down with respect to when the original owner purchased the shares.
March 3, 2024
1:41 PM