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Financial Planning / Tax Strategies


Subject:  Re: Incorrect 1099 Date:  2/24/2013  11:50 AM
Author:  vkg Number:  117873 of 124795

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."

Rule Your Retirement Home Fool

Thank you, I was not aware that inherited assets were always long-term.
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