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Taxtom
Taxtom, Accountant
Category: Finance
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Experience:  25 Years in preparing Personal and Business Tax Retuns
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I inherited some stock but I need to sell most of it because

Customer Question

I inherited some stock but I need to sell most of it because I have bills to pay for the deceased person , I am the Executer do I need to pay inheritance tax?

Need help
Renate Endres
Submitted: 5 years ago.
Category: Finance
Expert:  Taxtom replied 5 years ago.

Taxtom :

Hello, How were you related to the the deceased and how much are the stocks you are selling? Has the estate been settled yet? Thanks Tom

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Expert:  Taxtom replied 5 years ago.
Hello again, I don't think I answered your question yet. Tom
Expert:  Taxtom replied 5 years ago.
Hello again, There are several of us answering questions so we will not always have seen your other questions. Has any of the estate been distributed? Thanks Tom
Expert:  Taxtom replied 5 years ago.
Hello again, I haven't heard back from you so I am going to give you the basic information and if you have more questions just come back and I will help you. If the stocks have not been transfered to you and are still in the estate then you can sell the stocks to pay the expenses. They are no tax owed until the stocks are actually transfered to you. Thanks Tom

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