Cashed in Stock And taxes

Cori76 · Jan 31, 2006, 06:43 PM

I inherited some stocks from my father when he passed away. I cashed some of them in last year, and was wondering about how the amount of money I received was taxed. Is the whole gross amount taxed as income? Or is there another way that the amount is taxed?

CaptainForest · Feb 8, 2006, 09:02 PM

Here is the link to Anheuser Busch

Its stock symbol is BUD

http://www.google.ca/search?oi=stock...l%3Den%26lr%3D

Use the chart to look at past stock prices.

Lotta · Feb 10, 2006, 04:43 AM

Quote:

Originally Posted by Cori76

I inherited some stocks from my father when he passed away. I cashed some of them in last year, and was wondering about how the amount of money I received was taxed. Is the whole gross amount taxed as income? Or is there another way that the amount is taxed?

It may depend on the the amount that was cashed in.
Are you say a few hundred dollars or a few thounsand dollars that you cashed in?

It may also have to do with your tax bracket.