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February 11, 2025
Question

1099b inherited stock cost basis

  • February 11, 2025
  • 1 reply
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I'm using 2025 desktop premier. I have inherited stock that has no cost basis in my 1099b, and the 1099b shows the incorrect acquisition date.  Prior posts/replies note using the "how did I receive this investment" box and select "I inherited it".  However there is no option available in the 1099b edit screen for "how did I receive this"... This is an import of the 1099b if that matters. The "date this investment was acquired" field only accepts dates. I cannot enter "inherited" as noted in some posts from earlier years.

 

 

 

    1 reply

    RCarter94Author
    February 11, 2025

    correction, the 2024 version 😃

    fanfare
    Employee
    February 11, 2025

    Enter the date the original owner passed. Mark BoX D on form 8949 Page 2.

    It is the box marked that controls the Long Term treatment.

     

    @RCarter94 

    fanfare
    Employee
    February 11, 2025

    For non-covered securities ( BOX B or E) showing zero (wrong) basis, enter the correct basis yourself.
    Use code "B" and put -0- in col (g).

     

    your basis is the value on the date you inherited the stock.

     

    @RCarter94