ptrost
Level 2

Trust was the beneficiary of decedent's brokerage account. I believe there should be a step-up in basis. If I'm correct, not sure how to report on 1041 Sch D. If I select "A", it just converts everything to Long-Term which is correct. How should I reflect the step-up in basis on the Sch D, the software does not allow me to put inherited. Should I make the adjustment in the "corrected basis" field to 0 out gain/loss?

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