• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

Stock transfer

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.



Please explain the tax consequences of transferring stocks to the estate of the deceased vs. directly to the heirs?
The deceased lived in Maryland, the heirs do not.



Stock in estate

If the stocks are transferred to the estate, then dividend income and gain or loss on the sale of the stocks is income or loss of the estate for income tax purposes (An estate with income files an income tax return). If the stock is transferred to the beneficiaries, the income or loss from the stock is income or loss of the beneficiaries for income tax purposes.

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential