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You only report stock on your tax return when you sell it. You do not report it when you inherit it. When you sell the stock you will have to report the basis. Your basis for inherited stock is the market value on the date of death of the person you inherited it from. So if you have not sold any of the stock yet, you should determine your basis now and keep a record of it so you will have the information when you sell it. If you are holding the stock in a brokerage account, the brokerage might let you put the basis into their records for your account. A sale of inherited stock is always considered long-term, no matter how long you or the person you inherited it from actually owned it. Your age and being a student don't make any difference. However, if you do sell any of the stock you might be subject to "kiddie tax." Kiddie tax means that investment income over a certain amount ($2,700 for 2025) is taxed at your parents' tax rate. Kiddie tax applies if you are not filing a joint return and any one of the following is true. (1) You were under 18 at the end of the year. (2) You were 18 at the end of the year and your earned income (from working) is not more than half of your total support for the year. (3) You were under 24 at the end of the year, you were a full-time student, and your earned income (from working) is not more than half of your total support for the year.  

Q. Is she required to file any Ohio state or local tax return if she doesn't want any refund since it costs more to add a second state to TT?  A. No.    Ohio has a reciprocal agreement, on wages, with all neighboring states. No Ohio state taxes are withheld or due and you do not need to file an OH return. But your home state will tax you on your Ohio income. Only if Ohio state tax is mistakenly withheld, do you have to file an Ohio return to get a refund.  You are not required to do so. You can let Ohio keep the money.    However the reciprocity agreement does not apply to local city taxes. You are not required to file an Ohio local city return, but you are also not entitled to a refund of the OH city withholding (box19 on your W-2), unless there was an error in the amount (unusual).   Michigan will not give you a credit for Ohio state tax withheld. You have to file an OH return if you want a refund. Michigan will give you credit, on the MI state return for OH city tax withheld, but you have to attach a copy of the city return. So, even though the Ohio city does not require you to file a return, you would  have to file one to get that MI credit, even though there will be no tax due or refunded from the Ohio city.  MI does not require you to add that credit to your MI return. 

To apply your overpayment from 2024 to 2025 you had to select that option in your 2024 tax return. If you did that, the amount would be on your 2024 Form 1040 line 36. If it's not there on your 2024 tax return you can't apply it now. If you did apply the overpayment on your 2024 tax return to 2025, and you filed with TurboTax for 2024, and you transferred information from your 2024 tax return when you started your 2025 tax return, the payment should have been transferred. It would be included on your 2025 Form 1040 line 26, together with any estimated tax payments that you made for 2025. If it's not there, you can enter the amount that you applied from 2024. Go to Federal Taxes > Deductions & Credits > Estimates and Other Taxes Paid > Other Income Taxes > 2024 refund applied to 2025 federal taxes.