On Feb 18, 5:03*pm, PeterL <po.n...[at]gmail.com> wrote:
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held in street name (that is the broker's account). The bond owner is
provided a statement at least as often as interest is paid and always
at the end of the year. This statement, includes the amount of
interest paid for the year and the market value of the bonds on
12/31/07. You can call the broker to see if it changed in the 3
days. Lacking a broker you will get a 1099 from the bonds' transfer
agent with the same information, or you can call them.

ed

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On Feb 17, 2:11*pm, sandybeth <sandy...[at]yahoo.com> wrote:
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Don't cost basis gets stepped up on death?

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removeps-groups[at]yahoo.com wrote:
- quote -

Until you get a 1099-B, that is.

-Mark Bole

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On Feb 17, 2:11 pm, sandybeth <sandy...[at]yahoo.com> wrote:

- quote -

Sorry to hear about your loss. It's hard to find info on bond
prices. You can try http://cxa.marketwatch.com/finra/Bon...dScreener.aspx,
if you know the CUSIP (should be on the statements) do a search by
CUSIP otherwise search by Issuer Name or Symbol. Then you will get an
overview of the bond with a chart. Select a 3 month chart. Try to
eyeball the chart to find 12/28/2007 on the x-axis and the the price
on the y-axis. The cost basis when you inherit is the FMV at death.

You can also the contact the company behind the bonds for info.

BTW, if the bonds were not bought at discount and you hold them to
maturity, then they just pay interest and you probably don't have to
worry about the cost price.

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We inherited 2 bonds from a parent who passed away on December 28th. I
am trying to find out the cost basis of those bonds on 12/28--don't
bond prices fluctuate much like stock prices do? I cannot seem to
find them on the internet. GMAC and Citizen's Fdg. We have no
purchase records.

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >