WorldWatcher
Gold Member
Different situation.I guess you would pay the state, but you wouldnt have to pay federal as the inheritance was below the cap.
The stocks were in our MIL's name and were sold. The capital gains was paid by her (though my wife as executor) as part of her yearly taxes which my wife as executor has to file for the 2022 Tax Year.
The stocks were not transferred as part of the "inheritance" falling under Estate Tax rules.
WW