Quote:
Originally Posted by accord1999
You don't have to pay but if your tax amount owing for the 2025 tax year is greater than $3000, then you'll pay interest/penalties.
If your dad didn't have a surviving spouse, then the shares were considered sold on the date of death and the estate has to pay capital gains. You should really go through the probate process now and have the shares transferred to the executor/beneficiary as soon as possible so you can pay for the taxes involved.
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Surely they have gone through probate by now (it’s been a year and a half). And that tax return was due a while ago.