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Should I include my deceased husband's (10/17) stepped up cost basis investments in my tax return?

My husband died in October 2017. He had an investment account specifically set up under his social security number. Using Stepped up cost basis, there is about a 5K gain. Should this be reported under his soc security number...since the investment account was under that...or under mine? Located in AZ.

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New Member

Should I include my deceased husband's (10/17) stepped up cost basis investments in my tax return?

For income tax purposes the original basis needs to be used even for a decedent.  For inheritance purposes, however, the stepped up cost basis comes into play for the beneficiary.