Capital Gains & Inheritance

Home Fairmark Forum Taxation of Investments Capital Gains & Inheritance

Viewing 1 post (of 1 total)
  • Author
    Posts
  • #62174
    Envision10
    Participant

    Parent passed away with a trust in her name containing stock and her home. All assets are to be divided equally between 3 ppl.

    1) what are the capital gains implications if the trust is revokable vs. irrevokable?

    2) would it be better to take the stock in kind or have the stock liquidated and the earnings split equally?

    It’s my understanding that proceeds from the stock would not be taxed, as it’s inheritance, but capital gains would be paid by the trust.

    What’s the best strategy to minimize taxes?

Viewing 1 post (of 1 total)
  • You must be logged in to reply to this topic.