Imported Broker 1099B for sale of inherited stock, deceased died on a Saturday in 2011 (long term covered). Broker 1099B shows date acquired as the day before, Friday, with cost basis as average of high and low prices on that Friday. The TurboTax entry screen for that imported 1099B, does not have the question "how did you acquire this asset" and there is no drop down to choose "inherited". The cost basis is incorrect, should be the average of four (4) prices, high and low on Friday before death, high and low on Monday after death. I can change the cost basis with an adjustment, but should I do about the date acquired being wrong? I think it should be labelled as "inherited" but the entry screen does not have that option at all. Complicating this is the fact that the Broker 1099B has a date shown, not "inherited", if I put inherited I will not be following the rule to match the 1099B EXACTLY. Please advise.
