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Originally Posted by GoBo
Does this help?
http://wwwtaxman.blogspot.com/2007/0...inherited.html
When you report it on your tax return, it goes on Schedule D. Instead of entering the date acquired, enter “Inherited.” For the date sold, enter the actual date title was transferred to the purchaser. Even if you sold it a week after you inherited it, you would report it as a long-term capital gain or loss. |
I have searched all over the net and found tons of different "answers" and none of them were as helpful as that one.
Thanks. 
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My dear girl, there are some things that just aren’t done. Such as, drinking Dom Perignon ’53 above the temperature of 38 degrees Fahrenheit. That’s just as bad as listening to the Beatles without earmuffs.
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