Ask Experts Questions for FREE Help!
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps
 
Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.
  Answer this Question    Ask about Taxes    Ask about another Subject  
 
PDA

efournier
Feb 11, 2009, 07:05 PM
As I understand it, California has no inheritance tax. Is this correct? I recently inherited
17K from my mother's trust upon her death, so I'm wondering what tax ramifications this will have for me.

Thanks!
MukatA
Feb 11, 2009, 07:31 PM
There is no federal inheritance tax. CA also does not tax inheritances.
For more information, read: Your U.S. Tax Return: Tax on Inheritances (http://taxipay.blogspot.com/2008/02/tax-on-inheritances.html)
efournier
Feb 11, 2009, 07:51 PM
Thanks for your timely & helpful response.

efournier