JohnB5677
Expert Alumni

State tax filing

Taxes are paid in the state that you sell them in.

  • If you live in Florida, the gain would be taxed there.
  • There is no capital gains tax in Florida, so no state tax is due.

The basis of the stock for federal purposes is based on the value at the time of your Mom's passing

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post