DavidS127
Expert Alumni

Get your taxes done using TurboTax

See this TurboTax Help article for the instructions on how to enter a summary instead of individual stock tra....

 

Once you get to the summary entry screen, be sure to enter your cost basis (almost always the FMV of the stock on the date of death) for each transaction.

 

The purpose of the "Inherited" question in TurboTax is to guide you through the correct cost basis to report for the inherited stock.

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

View solution in original post