LogFAQs > #972863129

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Topic	Stock Market General #49
Gamingsince1989 04/15/23 3:27:58 PM #141:	littlebro07 posted... idk how inherited shares work but selling before holding for a year results in more taxes being owed could already be considered long term gains based on when they were purchased though holding them gets you a nice $660ish quarterly dividend that you could then reinvest into buying more shares or cash out My understanding is that if I sell them, it goes based on the value of the shares the day that he passed away. If I sell them for higher than that price I pay capital gains on any profit, or if I sell for less than that value I can show it's a loss. I don't have to pay any inheritance taxes on it though. <cite>Gamingsince1989 posted [p:972863129] in Stock Mark... [t:80378016]...</cite> <quote>littlebro07 posted... </cite><quote>idk how inherited shares work but selling before holding for a year results in more taxes being owed could already be considered long term gains based on when they were purchased thoughholding them gets you a nice $660ish quarterly dividend that you could then reinvest into buying more shares or cash out</quote>My understanding is that if I sell them, it goes based on the value of the shares the day that he passed away. If I sell them for higher than that price I pay capital gains on any profit, or if I sell for less than that value I can show it's a loss. I don't have to pay any inheritance taxes on it though. </quote> ... Copied to Clipboard!
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