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Get your taxes done using TurboTax
Thanks for your response, Mike. I'm new to this and should have provided more background information. I'm preparing an estate return in response to a 1099-B filed by the decedent's broker, which reported $24000 of transactions as "Basis Not Reported to the IRS...", Box E on Form 8949. How can I account for the costs for these transactions on Form 8949, or on Form 1041, so that they are not treated as pure capital gains, as if the decedent got the stocks for free ?
May 9, 2021
9:37 PM