A few municipal bonds I inherited either matured or were called in 2020. The cost basis reported on my monthly brokerage statements (which shows the purchase date as the date of my father's death) reflect a different basis each month. On the 1099-B, the brokerage lists the cost basis at redemption value, but I read that I should adjust the cost basis to the basis at time of death. Should I use the cost basis as shown when first transferred to my account or the cost basis reflected on the 1099-B? Thank you.
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The broker's statement is correct ... ask the broker to explain why.
Thank you.
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