In almost all cases, the Beneficiary pays no Inheritance Tax, nor Estate Tax.
However, if you inherit an asset that itself will create income, you are liable to pay income taxes on that income generated.
Since the Estate bore the transaction of the sale, you need not report a sale of it as an investment asset. You either were gifted or inherited the cash.
The only question of Inheritance Tax relates to a very few states, and then it depends on relationship. Where do you reside?
If this posted response is useful to you, please click on the upraised hand in the lower left of this post. Thank you. Scruffy Curmudgeon--PFFM/ IAFF, retired FireFighter/Paramedic - Locals 718/30, Veteran USAR O3 AIS/ASA '65-'67
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