Roger Morton wrote:


Was the stock purchased during that tax year? If so, your mother would
have had to pay the seller for the interest that the stock had earned

At least the last time I had non-zero accrued interest, the accrued
interest could actually end up applying to the tax year following the
transaction, dependent on the real interest payment date.

Also, accrued interest is always gross.

There may be special rules for overseas securities.