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Author: JeanDavid Big gold star, 5000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121323  
Subject: Re: Tax on Inheritance Date: 6/26/2007 8:29 PM
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I am not a tax attorney. But when my mother died, the estate paid any tax due (very little). You see, the stock belongs to the estate, and ownership does not pass to you until the probate court says it does. So until the estate makes a distribution of the stock to you, it (and its dividends) are not yours, but the estate's. Therefore, so would be the taxes due. But remember, I am not a tax attorney.
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