To back up a step on this question and answer, should this really be treated as “inherited”? Otherwise how would a fund company know to value something at date of death if the deceased parent had held it at another fund company before it was transferred to my fund company? There wouldn’t be any way they would know date of death, they would only know the cost on date it was transferred to my account. (However in this case Vanguard was fund company for both my parent & myself, and so would that require that they be aware of this? I opened a new account and did an in kind transfer to get the funds into my account from deceased parent.)
