My mother died on February 21 and left stock to me that I sold. i thought i could take a loss of the difference in price sold and price on 2/21. How Is that done on 1099?
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My mother died on February 21 and left stock to me that I sold. i thought i could take a loss of the difference in price sold and price on 2/21. How Is that done on 1099?
The 1099 broke out sale with some shares as x and some as d with cost basis. The d shares show the loss but the x count as total income.
My mother died on February 21 and left stock to me that I sold. i thought i could take a loss of the difference in price sold and price on 2/21. How Is that done on 1099?
X means broker does not know your basis, but you do.
enter the value on 2/21
mark sales as "inherited" ; it is treated as a long term capital gain or loss
My mother died on February 21 and left stock to me that I sold. i thought i could take a loss of the difference in price sold and price on 2/21. How Is that done on 1099?
X means broker does not know your basis, but you do.
enter the value on 2/21
mark sales as "inherited" ; it is treated as a long term capital gain or loss
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