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Subject:  Incorrect 1099 Date:  2/24/2013  1:16 AM
Author:  vkg Number:  117869 of 131786

As part managing my father's estate, a mutual fund was liquidated. The 1099 has the wrong date of death, and therefore the wrong cost basis. I don't see where on the 1041 Schedule D to handle an incorrect cost basis. Do I need to have the 1099 corrected, or can it be handled on the 1041 Schedule D?

Doesn't an inherited asset maintain the holding period? The 1099 reports the date of death as the acquistion date.

(Given everything that has happened in the last 18 months, it is possible that the mistake was mine. I am not certain, if they requested a copy of the death certificate.)
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