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AJ: Thanks for pointing out that I live in California, a community property state, and not in Nebraska. A side benefit of living in California is that my wife was not a resident of Nebraska and her inheritance escapes Nebraska's inheritance tax.

Inheritances and assets owned by a spouse prior to marriage remain the property of the spouse and are not part of the spouses' community property. As my wife died intestate and the inheritance wasn't distributed until after her death. As my wife and I had 3 children, California Intestacy Laws require that her estate be distributed with 1/3 going to me as the surviving spouse and the remaining 2/3 of her estate being equally divided between the 3 children.

I had to create an account for her estate at the brokerage that held her mother's and her joint account. When I got online access to the estate account, I discovered the transaction list only showed the securities, number of shares, and the market price on the day of the transfer. There was no cost basis information or any indication when the shares were originally purchased.

The brokerage claimed that they supported Quicken transaction downloads. When I attempted to download the transactions into a Quicken database that I had created for my wife's estate, the download failed. It turns out that the financial institution information in the QFX file header was for another brokerage. I had to manually enter all of the transactions into the Quicken database. As a temporary measure, I set the cost basis for the shares based on the market value of the stock on 15 January 2019.

I started thinking about whether this was right as she/her estate didn't have possession of the assets until 14 June 2019. This is the reason that I started this discussion.
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