being an estate tax return all the stocks moved from the descedant's individual account to an estate account would have the same buy date changed by your brokerage to be the date of death.
so unless you bought stocks in the estate account and sold them in less than a
year all sales of the deceased stocks would be entered into the system as long term capital gains and they wold be indicated as long term on the deceased's 1099. so when i entered all the trades i was surprised that part3 had a short term capital loss = to the long term capital loss. all the stocks were sold at a loss because the beneficary wanted cash asap because the ukraine war had just started and the market was tanking alot plus it took 30 days to get control of the broderage account so the losses while waiting were large. partI had no short term capital loss and the long term capital loss totals in PART II MATCHED the 1099
data. in addition, even though it was entered that the beneficiary was to get 100% of the assets, which was a capital loss, part III also indicated the estate was to get 100% of the asets so part III had 2x the assets to be distributed, 100% to beneficerary and 100% to be retained by the estate. the turbotax support person spent over 1hr to try to figure out what was causing the wrong numbers in sched D PARTIII but no errors were found in the way the data was entered. form 8949 had no short term sales listed. the support person deleted the schedule D form and then went step by step starting at income which generated a new schedule D and that fixed the problem. i have no idea what caused the problem.
