- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Yes, you can deduct a capital loss on the sale if the selling price was less than your inherited basis.
Enter the transaction in the Investment Income section, the same as if you had sold a stock or mutual fund.
ā€ˇFebruary 13, 2021
1:40 PM