Tax Implications of Selling Stock in an Estate

USA Discussion in 'General Tax Discussion' started by tadrian, Sep 19, 2018.

  1. tadrian


    Sep 19, 2018
    Likes Received:
    As executor of my aunt's estate (Georgia), I need to decide whether to liquidate her stocks ($250,000+ total value of various stocks) and distribute cash or distribute the stocks directly. With three beneficiaries it would be easier to liquidate, but I want to be mindful of tax implications. I know the beneficiaries get a step up basis if I distribute the stock directly and they won't pay capital gains until they sell the stock. Will the estate also get a step up basis? What kind of capital gains tax would the estate be looking at paying? What other tax implications should I be considering in this decision?
    tadrian, Sep 19, 2018
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