Solved: Are stocks transferred to the heirs considered a distribution that should be reported on the estate taxes and K-1?
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Are stocks transferred to the heirs considered a distribution that should be reported on the estate taxes and K-1?

The stocks were transferred not sold and then cash provided to heirs. Same question for sale of coins and distribution of cash to the heirs.

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Are stocks transferred to the heirs considered a distribution that should be reported on the estate taxes and K-1?

Yes, the distribution of stock to heirs of an estate should be reported on the tax return and the beneficiaries K-1s.  The same for sales of assets, and the corresponding distribution of cash - both events should be reported.

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New Member

Are stocks transferred to the heirs considered a distribution that should be reported on the estate taxes and K-1?

Yes, the distribution of stock to heirs of an estate should be reported on the tax return and the beneficiaries K-1s.  The same for sales of assets, and the corresponding distribution of cash - both events should be reported.

View solution in original post

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