Hi Samirsalfity,
I know that others have answered this question but I'd like to add my brain's worth as well!
Yes, the advice given was correct. When you inherit stocks, you do not have to pay taxes on the value of the stocks at the time you inherited them. Instead, you only pay taxes on any capital gains when you sell the stocks. Remember that the shares now adhere to you from your mom and retains that value. In short, the share value in your hands is the same as that of your mom. The cost basis of inherited stock is "stepped up" to its value at the time of the original owner's death. This means you only owe taxes on the increase in value from the time you inherited the stock to when you sell it.
Good luck to you!
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