Yes, you should report this. If there is an estate in existence from your mother, this may need to be reported on Form 1041 (U.S. Income Tax Return for Estates and Trusts). Can you provide some more details on this form so we can better guide you? Who is the payee? Also, is there estate income?
The estate closed in 2007. This money was unclaimed property from then. Description of property says 6.000 shares Comcast Corp. new USD 0.01. Recipient is my Spouse. Amount is $298.25
How do I add this to my return (doing online thru Turbo Tax). When asked about 1099-B it asks if We sold any stocks... We did not sell these stocks.
Since you got a 1099-B, the simplest thing is to report it as taxable income. You did sell stocks (or rather the state sold them for you).
You would indicate that you inherited them, and the cost basis is 6 shares x the share price on the date your mother died. You can look this up on the Comcast web site. (It's about $13-$14 each.) Selling date is the date you got the check from the state unclaimed property department. You'll have a capital gain of around $215.
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