JamesG1
Expert Alumni

Investors & landlords

Your IRS form 1099-B reports a sale of a stock.  You inherited a portion of this stock portfolio and you purchased other portions of this stock portfolio.

 

The inherited portion of the stock portfolio will be considered long-term basis.  The portion that you purchased may be long-term investments or short-term investments based upon the date of purchase and date of sale.  Short-term investments are owned one year or less.  Long-term investments are held more than one year.

 

You may need to contact your broker to discern the when you acquired the block of stock that was sold.

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