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    wire nut's Avatar
    wire nut Posts: 3, Reputation: 1
    New Member
     
    #1

    Jan 26, 2008, 04:37 AM
    Is inheritance money received taxable?
    :rolleyes: I recently received a small inheritance. Am I obligated to pay taxes on this money?
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #2

    Jan 26, 2008, 04:41 AM
    Eleven states still collect an inheritance tax. They are: Connecticut, Indiana, Iowa, Kansas, Kentucky, Maryland, Nebraska, New Jersey, Oregon, Pennsylvania and Tennessee.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #3

    Jan 27, 2008, 08:52 PM
    Probably not. Inheritance taxes are usually keyed to the estate tax minimum, which is currently $2 MILLION.

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