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WTR writes in two posts:

<<The holding period for inherited stock is considered to be long-term, regardless of how long the heirs actually hold the stock (i.e., regardless of whether the holding period is <1 year or >1 year).>>

<<If the executor sells the stock from the estate and pays the heirs cash, the estate will pay long term cap gains on any increase in value over the valuation date on Form 1041, Income Tax Return for Estates.>>


Thanks for the info. As I said earlier in this thread, I'm not the tax expert, so I appreciate the corrections. I learned two things today, and that's great.

Regards..Pixy
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