Do i have to pay tax on an inherited stock when i sell it

[novella2]

Inherited stock in April 2015 and sold in Jan 2016, do I owe taxes on it?

[Texas Roger · Accepted solution]

You must pay tax on any capital gains between the market value on the date of death of the person you inherited it from and what you sold it for. It is a long term capital gain regardless of how long your actual holding period was.