My wife and her three siblings inherited an income-oriented mutual fund (reinvested monthly distributions) from their mother who died in May 2022. The cost basis of the fund is stepped up to the fund's value on the date of her death. Am I then correct in assuming that fund distributions between the date of death and the date of fund transfer to the siblings' own brokerages are taxable events for the four siblings? It took the brokerage six months to finally effect the transfer, so there are a half dozen distributions to deal with. My wife and I plan to cash out her fund share later this year. How do I enter all this (dividend distributions in 2022, and then cost basis info when selling the fund in 2023) in TurboTax (premier version)?
Many thanks.
