1099-B inheritance
taxpayer gets 1099-B with 0 cost basis only proceeds of $6,049. This was inherited when the mom passed away. Is there a way to write off cost basis?
Thank you
taxpayer gets 1099-B with 0 cost basis only proceeds of $6,049. This was inherited when the mom passed away. Is there a way to write off cost basis?
Thank you
Cost basis is the value of the investment on her date of death.
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