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inherited stock is always Long Term so be sure your Box category is D, E, or F as appropriate
@fanfare is this what you mean? (I just added a Redacted image.).
IRS BOX
2022 FORM 1099-B - PROCEEDS FROM BROKER AND BARTER EXCHANGE TRANSACTIONS
It’s 1d. Proceeds and 1e. Cost or other bases of covered securities.
@fanfare working on this makes me wonder how many people end up paying all of that tax because they didn’t know how this works when they inherit stocks. I was worried I would have to hire someone and probably spend hundreds of dollars to save hundreds of dollars.
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