- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Do not select that this is ESPP, because for you, it isn't.
Now, I am assuming the 1099-B was issued because you sold the stock.
If this was issued to your sister-in-law, she would need to enter the Strike price and her discount.
YOU do not. Inherited property gets a stepped-up basis meaning the basis for you is the Fair Market Value on the date your sister-in-law passed.
If you sold it just after inheriting, you would have no gain, the basis would be the same as the value that you sold it for. You might even have a loss if there were selling fees.
If you held the stock and sold later, your basis is the value on the date of her passing.
Do not answer the questions about Employee Stock Purchase Plan stock for stock that was inherited.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 13, 2024
4:49 PM