@JamesG1 JamesG1
Thank you for your informative reply. I have a couple of questions on it.
First, since 2 of the 3 spinoffs for the original stock inheritance did not exist at the time of inheritance, I have looked up the 3 stocks and have determined their closing prices when I got them 3 years ago. Since these were not reported to the IRS on the 1099-B, I have entered all the proceeds and calculated the cost basis myself for each of the 3 "Other Transactions". I have classified them as "Box (E) Long-term transactions reported on Form(s) 1099-B showing basis wasn’t reported to the IRS". I also checked off in TurboTax that for those 3 items, my 1099-B had a missing/incorrect tax basis.
Does this sound like I have handled it correctly?
Secondly, do I need to send in 8949 or 1099-Bs showing my calculations or any other info regarding these 3 stocks to the IRS?
Thanks for your help!
