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Author: RooCat Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121185  
Subject: Re: 1099B has deceased & estate sales Date: 3/18/2000 1:35 AM
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I had requested a new account for the estate but all the broker did was change the name on the account. Therefore the 1099-B has transactions before and after death and uses the decedent's SS#.

My concern is with 1040 Schedule D and reconciling Gross Proceeds to IRS satisfaction. I'm using
TurboTax and want to input only the Decedent's transactions. Then, will attaching a note that shows
which transactions are which that total to the Gross Proceeds be the right thing to do?


I would go one step further and show that certain proceeds were accounted for under the estate FIN. To give you an example, show the dividends received all under the SS#, then subtract those belonging to the estate and show the FIN under which they were reported and why you are reporting them there. Same with the capital gains/losses, show the gross proceeds allocated to the estate. I don't know TurboTax's capacities so you might have to hand write it in as well as adding the note to the return.
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