Wow, thanks so much for the detailed reply!
I was aware that my wife's cost basis is the date her father passed; the stocks were sold two months later, most for a loss, given market declines over that time. So we racked up some hefty capital losses that I assume we can carry over to future returns to offset any gains?
I did read that inherited stocks, no matter how soon they were sold, get to pay long-term cap gains rates? There were a few that did go up from September to November, so I'm wondering/hoping TT will allow me to properly tax those at the long-term rates?
Thanks again for your help, and sympathies.
