Hello,
I'm helping my mother fill out her taxes. She was the beneficiary of my father's investment account, and ownership was transferred to her (with a new account created by the brokerage) after his passing years ago. He had ESPPs and RSUs from a company he worked for, and it had liquidated this past year, so all stocks were sold without my mother taking any action. The brokerage has not provided any supplemental information.
From this thread, I'm inclined to have her use the FMV of the date he passed as the actual cost basis, but I'm not sure considering she was the beneficiary of the account and they had always filed taxes jointly.
Not sure if it helps, but given the date of his passing was more than 2 years ago, TurboTax has recommended that she file as single rather than as surviving spouse.
Many thanks for helping us in this stressful time!
