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URL:  http://boards.fool.com/doesnt-an-inherited-asset-maintain-the-holding-30559040.aspx

Subject:  Re: Incorrect 1099 Date:  2/24/2013  7:33 AM
Author:  TMFPMarti Number:  117872 of 120784

Doesn't an inherited asset maintain the holding period? The 1099 reports the date of death as the acquistion date.

The 1099 is correct. Perhaps you're confused in that the sale of an inherited asset is long-term regardless of how long the heir has owned it. You simply show the date acquired as "inherited."

Phil
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