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Get your taxes done using TurboTax
You are correct. Inherited stock automatically gets long-term treatment. The date acquired is the date of death and the tax basis is adjusted to fair market value. First, contact the firm to see if they'll correct the 1099-B. If not on the 8949 for the date acquired type "inherited" also use adjustment code T.
March 21, 2025
8:42 AM