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Get your taxes done using TurboTax
Would "purchased" be the correct selection of the source for that short term gain from the sale of that fraction of a share, even though the original 80 shares were all inherited? When filling in the 1099-B info in the TurboTax interview it asks "How did you receive this investment?" (Purchase: You bought the investment yourself. Inheritance: Someone died and left the investment to you.) I didn't really go out and personally "purchase" it, but in effect apparently that small short term gain is considered "purchased" if the original amount that was inherited generated a small dividend--true?
Friday