My mother-in-law passed last year (2020). All her assets were in a trust and invested in securities. These assets were all sold and the proceeds distributed to the five beneficiaries. I am working on filing a 1041 using TT Business. I have the 1099-B forms from the brokerage accounts. The cost basis reported in 1e show the original basis and not the value on the date of her death.
I assume that all the cost basis amounts need to be stepped up to the date of her death. How do I properly enter the corrected information into TT?
