You would each report your share of the proceeds in the investments section of TurboTax and your basis (or cost) would be value at date of death plus improvements you may have made after date of death.
It would qualify and Long Term Capital gain (due to inherited) regardless of how long you held it.
Make sure all selling expenses are allocated out among you.
To
enter your Investments sold
Click
on Federal Taxes
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on Wages and Income
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on I'll choose what I work on
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down to Investments
On
Stocks, Bonds, Other, click the start or update button
