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Investors & landlords
Thanks for your fast response, SusanY1!
Yes, I did make the adjustment to cost basis by checking "basis is incorrect or missing" and then put in the correctly calculated basis as average of four high low prices on both Friday before death Saturday and Monday after Saturday of death.
If I leave the acquisition date in TurboTax and on my return as the one shown on 1099B as the Friday before the death on Saturday, of course it will match up with the Broker 1099B and with the IRS database since as a covered security it is being reported to IRS, so it won't be flagged as not matching. I do understand that one day won't make any difference in this case as to long term or short term, I just thought that there was a rule that "inherited" was required if indeed it was an inherited stock. Am I wrong about that?