Do I have to report earnings on the 1009B that was sent in my dad's name for accounts that they're reporting as cashed in?

[MaggieB]

My dad passed in October. I'm doing his final return. We rec'd 2 1099-b for the accounts that have been 'rolled over' to the beneficiaries - not sold, not cashed out. Do I still have to report them on my dad's return as 'sold'? He didn't receive the money (he's dead, for goodness' sake.)

[Ashby · Accepted solution]

No, any sales would get reported on the beneficiary's returns. The beneficiaries get an immediate step-up in basis and it sounds like they were just transferred into beneficiary brokerage accounts. There should be no reporting.

Sorry for the loss of your father.