I have a question regarding long term and short term capital gains and losses. I inherited a number of stocks and mutual funds in 2007, and I sold a lot of them in 2009. In the intervening time period, many of these funds and stocks paid dividends which were reinvested. According to the IRS, all inherited property is considered long term. However, what about the reinvested dividends that I received after I inherited the funds/stocks? Do the gains/losses on the reinvested dividends need to be broken down into long term and short term, as they would be if I had purchased the original funds/stocks?Thanks,AB
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