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How to prompt question as to how I acquired a security? (I inherited it)

I inherited some stocks and then sold them a few months later. The 1099's I received showed the 2023 date inherited as the date acquired, though correctly classified it as long-term gain.  I want to replace this date with the word INHERITED. For my Vanguard brokerage 1099, I was asked if I purchased the stock or acquired it another way and I could indicate INHERITED. But for my Vanguard mutual fund account 1099, I was not asked if I purchased the stock or acquired it another way, and there was no way to indicate INHERITED. How can I get TurboTax to ask me this question?

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1 Best answer

Accepted Solutions
KrisD15
Expert Alumni

How to prompt question as to how I acquired a security? (I inherited it)

Delete the 1099-B (select the trash can) and re-enter it. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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3 Replies

How to prompt question as to how I acquired a security? (I inherited it)

When entering the stock sale in the investment section of the TurboTax program, you are asked How did you receive the investment - in the dropdown select I inherited it

Stock inherit.png

 

 

 

How to prompt question as to how I acquired a security? (I inherited it)

The problem is that when I first edited that 1099, it asked me whether I purchased it. I mistakenly said I purchased the stock. Now I want to go back and fix that. But when I click Edit on that 1099, it doesn't ask me whether I purchased the stock. It just goes directly to the 1099.

KrisD15
Expert Alumni

How to prompt question as to how I acquired a security? (I inherited it)

Delete the 1099-B (select the trash can) and re-enter it. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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