RobertB4444
Expert Alumni

Get your taxes done using TurboTax

The cost basis of the inherited stock is the value of it on the person's date of death.

 

You can google the value of any stock and a date and find out what it was worth.  It is as though you purchased it on that date.  Then your sale price will tell you whether you made or lost money.

 

In the wages and income section of TurboTax scroll down to 'Investment Income' and click start next to "Stocks, Bonds, Cryptocurrency, Other".  Then enter the information about the sale there.

 

@Donham14 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"