Selling an inherited mutual fund - short term or long term?

[DX-hound]

I inherited a Vanguard mutual fund in Nov 2013.  In 2019 I had to sell the fund as it was being closed and liquidated.   The 1099-B I received breaks the sale down into three portions, a short term sale (Checkbox A on the 8949), a long term (check box D) and a another long term (check box E).  All three show a losses.

My question:  In the 1099-B section of TurboTax Premier for investment sales, if you click on "I'll add additional info on my own" a window comes up that has a box "This item was inherited" with an explanation "Sales of inherited items are always treated as long-term sales."   So should I click this box or not since the 1099-B I received does show some short-term activity?     Perhaps it makes no difference since the 1099 shows losses for both short term and long term?

Thanks

[Irene2805]

Yes - Check the box that the item was "inherited," since the fund itself was inherited.  There may have been some items within the fund with short-term sales, but that doesn't change the overall nature of the inheritance.

[DX-hound]

Thanks.  Very helpful.

[rcacchio]

My mom passed in January of 2019.  We were co owners of a mutual fund account (BlackRock)

I can not seem to find the box that says "inherited"

I filled in all sales separately because i sold some funds on 6 separate occasions in 2019.

I am correct checking off long term?  My mom had this fund for over 10 years. 

Please help!

[DaveF1006]

For inherited investments, all gains are treated as long term capital gains for tax purposes, no matter how long you actually owned the shares.