I will soon be receiving inheritance in the form of stocks. I know nothing about stocks and would prefer to pull the money until I decide what the best thing is to do with it. Once those stocks are in my account, if I pull the full amount right away, do I have to pay any sort of taxes on this since it is my inheritance?
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You would pay capital gains only on any increase in the value of the stock between the value at date of death and when you sold it.
You would pay capital gains only on any increase in the value of the stock between the value at date of death and when you sold it.
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