@BigO81 wrote:
If zero, then would the value of inventory transferred to her estate be reported as items withdrawn for personal use?
I am sorry for your loss.
It appears as if you simply need to move the inventory (at whatever valuation) to the estate (i.e., it is an estate asset) which, in turn, would take the inventory at its fair market value on the date of death as having been acquired from a decedent (per Section 1014).
In this event, the inventory would be zero'd out on her final 1040 and, in order to do that in TurboTax, it would be withdrawn for personal use.
