Yes, the mutual funds are an inherited asset until you sell them.
If by "moving them to a new company" you mean you she still owns the same fund, just under a different broker, that is not a sale.
Because you have moved them to a new company, you will need to track your own basis for these assets. When they are eventually sold, you need to report the date of inheritance as the date acquired, and the fair market value (FMV) as the basis (unless an alternate valuation date was established).
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
