@bterrier wrote:
The cost basis of the fund is stepped up to the fund's value on the date of her death.
Date of death would be the valuation metric (fair market value = price at close on that day).
@bterrier wrote:
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?
The dividends post-mortem would be taxable (assuming a taxable MF) and, as income in respect of a decedent would be allocated among the siblings or the estate (depending upon how the brokerage account was handled after death).
