My mother died in 2021. I inherited some securities from her estate. In 2023, my wife and I donated 45 shares of stock I had received to a charity.
In declaring this gift, there is a "I inherited my donation" option, but if I select that option, I then have to go into Item donation and I am still asked for the purchase price, which makes NO sense because I am already telling TurboTax that I inherited the stock on the same screen. Yes, I understand the cost basis is adjusted to the value on the day my mother died, but:
1. Why does it matter whether I bought the stock or inherited it?
2. Why is it asking me for *purchase* price when I didn't buy it? If it's wants cost basis, then say so.
Thanks,
TK
