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Non-Tech : Estate Planning -- Ignore unavailable to you. Want to Upgrade?

To: Taxboy who wrote (30)	4/7/1998 3:49:00 PM
From: MJ	Read Replies (1) \| Respond to of 36

Taxboy Not as response to current question. But a new question. Spouse died in 1997, value of spouses estate is slightly less than $600,000. IRS has said no requirement to file and state says the same. Is there a reason that a return should be filed anyway? Second, question-----a company called for a tender on stock two days before spouse's death----funds were delivered about two months later. Which is the date of sales---tender date or delivery of funds? Also, since the basis of inherited stock is stepped up to date of death------how do you reflect on the Schedule D that the tendered stock is longterm and not short term. For example, should I use the purchase date of 5 years ago or the date of death as the purchase date. If the date of death is used it looks like a short term gain. Thanks for your opinion. MJ