|
The Motley Fool Discussion Boards
|
Previous Page | |
|
Financial Planning / Tax Strategies |
||
|
URL:
https://boards.fool.com/the-1099-is-correct-perhaps-youre-confused-in-30559218.aspx
|
||
| Subject: Re: Incorrect 1099 | Date: 2/24/2013 11:50 AM | |
| Author: vkg | Number: 117873 of 130016 | |
|
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 Rule Your Retirement Home Fool Thank you, I was not aware that inherited assets were always long-term. |
||
| Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us | ||