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Get your taxes done using TurboTax
The sale can be listed in one line under Wages & Income / Investment Income / Stocks, Mutual Funds, Bonds, Other.
Inherited property qualifies for long term capital gains treatment even if it is disposed of within one year after the decedent's death.
TurboTax Premier Desktop requests description, date sold, date acquired, sale proceeds and cost/basis.
Retain any other information such as number of shares and the calculation of basis in your personal tax file should you, at some point, have to explain your calculations to a tax authority.
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‎February 6, 2022
7:33 AM