Marie Posted April 8, 2010 Report Posted April 8, 2010 MOM and sons were joint owners of stock. MOM's SS# is listed first. MOM sells stock shortly before death. After MOM dies, sons sell rest of stock. All stock sold is reported in MOM's SS #. The first sale I will report for MOM with rest of income before death. How do I sell the rest? Do I need to make a nominee 1099, or just sell on sons tax return? MOM added sons' names to stock. Are they able to use stepped up basis in 1/3 of stock, or all of stock? Quote
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