Step Up Cost Basis For Mutual Funds

I am helping my wife who is struggling to understand the tax implications on a taxable account where her deceased mother had invested in a couple of Legg Mason Mutual funds.

The way I understand it, there is a step up basis on both of these mutual funds.... in this case using the date of her mothers death as the step up date.

The date we sold and took distribution is over a year after her mothers death, so any gains would be long term capital gains.

One other question.... where do I find a website that will be able to tell me what the price of a mutual fund or stock was on a certain date?

Thanks in advance for the forums help.

FYI, I have found on Yahoo finance the link to find a historical price of a stock or mutual fund.

The way I understand it, there is a step up basis on both of these mutual funds.... in this case using the date of her mothers death as the step up date.

The date we sold and took distribution is over a year after her mothers death, so any gains would be long term capital gains.
Rock33,

Just to back up your understanding, your assumptions about the step up and subsequent gains are correct!