2692523
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I am not sure what to do with my 1099-B form from shareowner online. I received stocks through inheritance and it provides little to no info. Any help is appreciated

on the form it states "Box 5: Non-Covered Securities Transactions for which basis is not reported to the IRS and for which short-term or long-term determination is
unknown by EQ Shareowner Services. You must determine short-term or long-term based on your records and report on Form 8949, Part I with Box B" and I dont have a form 8949. I am very new to this so again any help is appreciated
checked, or on Form 8949, Part II, with Box E checked, as appropriate.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

I am not sure what to do with my 1099-B form from shareowner online. I received stocks through inheritance and it provides little to no info. Any help is appreciated

When asked when acquired enter “inherited “ which makes the asset long term. The cost basis is the value  at the time of the decedent’s death. 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question