Thanks for your reply. This is a little different. While my parents were living, they placed all their assets in a Family Revocable Trust. So, when each of them died, yes .. I did final tax returns for each as individuals. The Trust became Irrevocable when Mom passed away in 2011. I became a Co-Trustee in 2004. A tax identification # was created for the Trust in 2011. I prepare tax returns annually.
Common stock was one of the Trust assets . The only listing of this asset has been an annual dividend. No FMV has been reported thusfar. I have asked the Bank to research the 2011 FMV. When (if) I get the info, I've read that Schedule D should be used. Agree??
