IMG15
Returning Member

Other financial discussions

My goal is to have a corrected 1099 generated reflecting accurate cost basis on stock I sold in 2019. Once the 1099 is corrected, that information will be submitted to the IRS.

The stock were solely owned in NY, an equitable distribution state.

 

All I am looking for is the IRS publication explaining the terms of equitable distribution in NY. I need to provide the IRS publication or the law covering this info to my brokerage firm to get the cost basis stepped up to my mom’s date of death.  Currently, the brokerage firm will only step-up 50% of the shares.

Since there is an IRS publication 555 discussing  Community property states, I would think there would be an IRS publication discussing the terms for non-community property states.

 

I am not looking for advice, just an IRS publication. 

thanks