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Can I enter my inherited stock gain from when I received the stock to 12/312017?

 
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DS30
New Member

Can I enter my inherited stock gain from when I received the stock to 12/312017?

You do not need to enter any information about your inherited stock until you actually sell the stock. Just remember that your basis in the inherited stock will be the FMV on the date of inheritance and any sale of inherited property will always be considered long-term.

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2 Replies
DS30
New Member

Can I enter my inherited stock gain from when I received the stock to 12/312017?

Did you sell the inherited stock in 2017?
DS30
New Member

Can I enter my inherited stock gain from when I received the stock to 12/312017?

You do not need to enter any information about your inherited stock until you actually sell the stock. Just remember that your basis in the inherited stock will be the FMV on the date of inheritance and any sale of inherited property will always be considered long-term.

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