In TurboTax (TT), enter at:
- Federal Taxes tab (Personal in Home & Business)
- Wages & Income
Scroll down to:
-Investment Income
-Stocks, mutual funds, Bonds, Other (Real estate is other)
Answer no, when asked if you got a 1099-B. then follow the interview.
For date acquired, enter INHERITED
For cost Basis enter the Fair Market Value (FMV) on the date of death
On the screen titled "Select any less common adjustments that apply," check "Any loss form this sale is not deductible
