Does Turbo Tax handle step up in basis of inherited stock? How is this accomplished in Turbo Tax?

[Mike9241]

yes it can - you enter - inherited  - in the date acquired box in the 8949. the actual FMV on date of death is your responsibility 

[Dmorrin2020]

Mike,

Thanks!  You're the man.

[NCperson]

@Dmorrin2020 be sure you also code the stock as long term, even if it was owned for less than a year by the beneficiary.  it is automatically long term by rule.