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Subject:  1099-B as a result of a transfer Date:  2/8/2007  5:57 PM
Author:  Maineiac2 Number:  91916 of 133105

Hi all - Am looking forward to receiving some good advice.

My mom transferred stock from 4-5 companies in Nov. to her brokerage account. She died a few weeks later.

I, as personal rep, am now getting 1099-B forms. The stock was not sold. How do I report these 1099-Bs on her taxes (using Turbo Tax).
The software asks for basis info and date of purchase and all that.

If I record the sale of the stocks now - do I report the sale again when the beneficiaries actually sell the stock?

How does that affect the stepped-up basis?


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