Anonymous
Not applicable

Deductions & credits

Thank you for this answer. I had a situation where I gave away stock inherited less than a year, and entering Various as the date inherited was the key to getting it to give me the fair market value as a deduction.

Note for anyone else who sees this -- when it asks you if you have owned the stock for more than 1 year, you have to say "Yes", even if you inherited it less than a year ago. All inherited property is long-term regardless of when inherited.

Turbotax I know this probably doesn't affect very many of your users, but it sure threw me for a loop, it sure would be nice to handle this use case better in the interview.