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  2. Inheritance tax - Wikipedia

    en.wikipedia.org/wiki/Inheritance_tax

    An inheritance tax is a tax paid by a person who inherits money or property of a person who has died, whereas an estate tax is a levy on the estate (money and property) of a person who has died. [1] However, this distinction is not always observed; for example, the UK's "inheritance tax" is a tax on the assets of the deceased, [ 2 ] and ...

  3. What Is the Cost Basis of Inherited Stock? - AOL

    www.aol.com/news/cost-basis-inherited-stock...

    Sometimes an inheritance includes more than a house or an heirloom vase. Investors can choose to pass down to their heirs financial securities like stocks. Determining the value of such a bequest ...

  4. Inheritance Tax: What It Is, Who Pays and State-Specific Rules

    www.aol.com/much-inheritance-tax-rates-limits...

    The amount of tax charged for an inheritance tax depends on the amount of the inheritance and the beneficiary’s relation to the deceased. Inheritance Tax vs. Estate Tax

  5. Do I Pay Taxes Automatically If I Inherit Property? - AOL

    www.aol.com/finance/capital-gains-inherited...

    An inheritance is a windfall that can absolutely help someone's financial situation -- but it can make your taxes tricky. If you inherit property or assets, as opposed to cash, you generally don ...

  6. Estate tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Estate_tax_in_the_United...

    Inheritance taxes are paid not by the estate of the deceased, but by the inheritors of the estate. For example, the Kentucky inheritance tax "is a tax on the right to receive property from a decedent's estate; both tax and exemptions are based on the relationship of the beneficiary to the decedent." [52]

  7. Stepped-up basis - Wikipedia

    en.wikipedia.org/wiki/Stepped-up_basis

    The primary purpose for the stepped-up basis rule under IRC § 1014 is so that, for estates without exemptions to the federal government's estate tax on transfers of wealth at death, the estate's assets are taxed only by estate taxes and not also on the capital gains during the decedent's lifetime.

  8. Tax - Wikipedia

    en.wikipedia.org/wiki/Tax

    Inheritance tax, also called estate tax, are taxes that arise for inheritance or inherited income. [21] In United States tax law, there is a distinction between an estate tax and an inheritance tax: the former taxes the personal representatives of the deceased, while the latter taxes the beneficiaries of the estate. However, this distinction ...

  9. Ask a Fool: I Just Inherited Stock. How Much Tax Will I Pay ...

    www.aol.com/news/ask-fool-just-inherited-stock...

    If you inherit stock in a taxable brokerage account, you may have to pay tax, or you might not -- it depends on a few factors. Skip to main content. 24/7 Help. For premium support please call: ...