Mutual Fund Capital Gains Treatment for Deceased

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When a person dies, assets (that will now be handled by the estate) get a stepped-up cost basis that is the value of the asset on the date of death.   

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"Mutual Fund Capital Gains Treatment for Deceased"

For mutual funds, you would use the Net Asset Value (NAV) on the date of death. 

If the date of death is on a weekend or holiday, you would use the NAV on the trading day prior to the date of death.

You can obtain the NAV from most any financial web site, including Morningstar.