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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? >>

Your best bet would be getting corrected 1099's from the broker. If they won't do it, complain loudly as you close the account, preferably in person.

Second best is to creat a dummy entry on line 1 of the Schedule D. Put "see attached" in column a and the gross amount erroneously included under the decedent's SSN in column d. You may also have to dummy in dates (I'd use date of death) and an amount equal to column d in column e to get to a zero in column f. The goal is to get the 1099-B total amount reflected on the Schedule D without affecting the tax. Then attach an explanation, including the estate's EIN.

Phil Marti
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