My wife inherited stocks in 2015 that had no basis according to broker statements

[tclark410]

My wife inherited stocks in 2015 that had no basis according to broker statements, apparently company was sold/merged. The stock remained in portfolio with zero value until liquidated in 2019 for a total of $0.39, no basis reported on 1099-B. TT won't let me e-file without basis and indicates I should mail my return. Seems stupid to have to hard file for 39 cents. Cant even mail it to IRS for that. Can I enter 0 for basis? Dosent seem that would be wrong as the statement showed it had no value when wife inherited from her father.

[ColeenD3]

Yes. Your basis is zero. If you can't determine the basis, it automatically defaults to zero. However, if you sold it, you had a gain of 100% of the sales price. This does need to be included on your return.

[Hal_Al]

Yes, enter 0 basis, since all evidence indicates that is correct. 

[tclark410]

Thanks, Thought that was the case, the stock was liquidated for $0.39 and that is on the 1099, just no basis listed