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RCarter94
New Member

1099b inherited stock cost basis

I'm using 2025 desktop premier. I have inherited stock that has no cost basis in my 1099b, and the 1099b shows the incorrect acquisition date.  Prior posts/replies note using the "how did I receive this investment" box and select "I inherited it".  However there is no option available in the 1099b edit screen for "how did I receive this"... This is an import of the 1099b if that matters. The "date this investment was acquired" field only accepts dates. I cannot enter "inherited" as noted in some posts from earlier years.

 

 

 

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4 Replies
RCarter94
New Member

1099b inherited stock cost basis

correction, the 2024 version 😃

1099b inherited stock cost basis

Enter the date the original owner passed. Mark BoX D on form 8949 Page 2.

It is the box marked that controls the Long Term treatment.

 

@RCarter94 

1099b inherited stock cost basis

For non-covered securities ( BOX B or E) showing zero (wrong) basis, enter the correct basis yourself.
Use code "B" and put -0- in col (g).

 

your basis is the value on the date you inherited the stock.

 

@RCarter94 

RCarter94
New Member

1099b inherited stock cost basis

thanks for this, I see where this is in the for 8949 (I have have it corrected now).  Is there nowhere that it gets noted as inherited? I am simply noting its a correction, no need to provide any further clarification/justification?

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