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I have a client that sold stock that was inherited, the net proceeds are 99,578.32 how do enter this in a tax return?
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George4TacksAnswer
Level 15
December 7, 2019
Yes, you report that whole $99,578.32 as the Net Proceeds on the tax return.
Start here and do some research on the basis of this inherited stock. You can check the box for inherited property with step up in basis (maybe, if the 706 or 8971 was properly filed)
Answers are easy. Questions are hard!
