To enter inherited
stock sale, please do the following in TurboTax go to:
- Federal Taxes
- Wages & Income
- Investment Income, click Show
more
- Stocks, Mutual Funds, Bonds,
Other
- Did you sell any investments in
2016?, click Yes
- Did you get a 1099-B or a
brokerage statement for these sales?, click No
- Choose the type of investment
you sold, select Stocks (except stocks acquired via employee stock
plan)
- Some Basic Info About This
Sale, please type in the description of the inherited stock, number of
shares, date sold, and Net Proceeds (Sale price), click Continue
- Select, I inherited
this stock, click Continue
- Date You Inherited the
Investment
- Cost basis, is usually market
value on the date of death.
- Follow the remaining prompts
