How do I pay taxes for a stock sale of a deceased person? He died in 2002. The sale was in 2021.

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The shares were in book form. I didn't know about them until I received the check. Even though the stocks were in his name, am I the owner since I'm his heir? How do I report the sale when it is not my social security number?

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LeonardS

Alumni - Intuit

Yes, you are the owner as you are the heir. Could you please clarify did you receive any tax forms reporting the sale in addition to receiving the check? Was the check a large amount?

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ketz905173Author

Level 2

Thanks for your attention. I got a 1099-B, sent to the deceased. The check was for $24,703.07.

LeonardS

Alumni - Intuit

You should contact the financial institution that issued the 1099-B and provide them with your information designating you as the heir and request that they reissue Form 1099-B and a new check using your social security number. You may also inquire as to the basis of the stock if it is not shown on the 1099-B as you will need this information when you file your tax return.

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