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Get your taxes done using TurboTax
@mw10932719 I can help you.
First of all, TurboTax will automatically generate Form 8949 when you enter your inherited 1099-B.
- The cost basis of inherited stock is generally the market price of the stock on the date that the benefactor died.
In rare cases, the executor of the estate will make a special election to treat the stock differently. Check with the executor to be sure.
Related Information:
- How do I find a stock's cost basis if I don't know when it was purchased?
- How do I find a stock's cost basis?
- How do I determine the cost basis of stock I received as a gift?
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‎April 17, 2022
5:23 AM