I will soon inherit some stock. These are shares in Pepsico that my father bought perhaps in the 60's. They were in a DRIP account directly with Pepsico for years and then I think Pepsico turned them over to some brokerage company. Anyway, the stock has never been touched. The last time I checked it was worth about $70K. The dividends have always been reinvested into buying more shares. My father died in 1990 and my mother completely ignored this account. About a year ago, my cousin and I figured out all this, and had the stock changed over to my mother's name (finally). So, the shares are now in my mother's name and my mother passed away in October. The inheritance will be split between my brother and I. He has had a head injury some years ago and isn't mentally able to handle financial things, so it is up to me to look out for him and also make the right decisions for myself. My questions are, what are my tax burdens on this stock? My preference would be to transfer it into my e-trade account and then pay my brother back for his half. (and then just not touch it for years) But I am not sure about the tax burdens on me, if this happens. Or is it better just to sell it, and split the money with my brother and then I can buy whatever stocks I want with it.My brother doesn't make enough money to pay taxes. I make a fair amount of money, and own a small business, have some stocks etc. So, this would definitely affect my taxes, right? What is your advice on how to transfer this stock with minimal costs to either my brother or myself. Thanks.Footsox
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