The new basis in-kind and the amount of the distribution on the 1099-R matching is not the concern, rather it's the amount reported potentially being incorrect. As I understand things, what is reported is supposed to be the FMV of the stock on the date of distribution. But instead some big brokerages are reporting the PRIOR DAY market closing price as the FMV. I can't find anything that supports using prior day market activity as a valid method of computing FMV of publicy traded stock.
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