Capital Gains & Inheritance Home › Fairmark Forum › Taxation of Investments › Capital Gains & Inheritance This topic has 0 replies, 1 voice, and was last updated 1 year, 5 months ago by Envision10. Viewing 1 post (of 1 total) Author Posts June 21, 2021 at 8:33 pm #62174 Envision10Participant 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? Author Posts Viewing 1 post (of 1 total) The forum ‘Taxation of Investments’ is closed to new topics and replies.