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facamplin
New Member

Do we have to pay taxes on the total Capital Gain Distribution that was inherited and reported on a 1099-DIV?

Inherited financial account when step father died in October 2017.

Removed personal identifying attached information.

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Accepted Solutions
Coleen3
Intuit Alumni

Do we have to pay taxes on the total Capital Gain Distribution that was inherited and reported on a 1099-DIV?

Yes. This account is now yours and any proceeds are taxable income to you.

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2 Replies
Coleen3
Intuit Alumni

Do we have to pay taxes on the total Capital Gain Distribution that was inherited and reported on a 1099-DIV?

Please do not post personal private information here. It is a public forum.
Coleen3
Intuit Alumni

Do we have to pay taxes on the total Capital Gain Distribution that was inherited and reported on a 1099-DIV?

Yes. This account is now yours and any proceeds are taxable income to you.

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