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Investors & landlords
Generally yes it may be taxable if the amount you receive is greater than the amount of the stock on the day you inherited it. If Co. A amount was $100 on the day you inherited it and you received $150 in cash, then the $50 is taxable. However if you only received $50, then you will have a $50 loss. You would enter this in the 1099-b portion of turbotax.
‎June 4, 2019
2:06 PM