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Author: karenlj Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121177  
Subject: Re: Capital gains tax for an estate? Date: 7/6/2012 1:04 PM
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Correct. The estate gets a deduction for the distributed/distributable amounts.

Bill


Thank you very much.

I've also seen different information on what percentage we (the heirs) will pay on the profit. One source said 15% if the taxpayer's income was $35k or less and 25% if it was higher. And other sources said other things.

Do you know? I've been trying to get the executor to find out, but he's in no hurry. He's one of the heirs.

Karen
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