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inherited and liquidated brokerage fund
My brother and I inherited a brokerage fund (not IRA) when my father passed away. We each received half the fund and both liquidated it. We only received one 1099-B form addressed to both of us, that shows the total amount liquidated. How do we handle our personal tax reporting, since both of us are responsible for one=half of the capital gains?
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‎February 28, 2025
10:33 AM