Hi and thank you for getting back to me.
My parents had a portfolio of stock in a joint account.
My dad died in March 2018 and my mom died in December 2018.
I know there’s the option to do a stepped up cost basis using my dad’s date of death. I’m being told that since NY is not a community property state, only 50% of the assets would get the stepped up cost basis.
I am trying to find the IRS publication that would cover this.
thanks again
