@RO664 wrote:
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?
The cost basis does, indeed, need to be stepped up to the fair market value on the date of her death.
You would average the high and low of the stock prices on the day of her death (if she died on a weekend, you would do the same for both Friday and Monday and then average those two results).
Make sure you enter the acquisition date as "inherited" since the holding period should be long-term.
