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How is stock cost basis sold from unclaimed property determined? I imagine the cost basis is stepped up from the time of decedent's passing.
Context: My mother passed away a few years ago. Last year in 2019, we were notified about unclaimed property belonging to my mother in Illinois. Upon filing a claim, I quickly sold the few shares of stock that was included. The 1099B I received doesn't have anything for box 1e.
1) Should the cost basis be the stock price at the time of my mother's passing?
2) If so, how should I notify the IRS of this?
1) Should the cost basis be the stock price at the time of my mother's passing?
2) If so, how should I notify the IRS of this?
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‎February 22, 2020
8:22 PM