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inheritance tax

Asked Jul 27, 2012, 01:46 PM — 2 Answers
If the bond is cashed out is it taxable

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joypulv's Avatar
joypulv Posts: 11,897, Reputation: 9176
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#2

Jul 27, 2012, 03:01 PM
(Please use the Answer button to continue your first post.)
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AtlantaTaxExpert's Avatar
AtlantaTaxExpert Posts: 19,866, Reputation: 3723
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#3

Jul 27, 2012, 03:34 PM


Quote:
Originally Posted by joypulv View Post
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Yes, though only the interest accrued since the death of the original owner is subject to taxation.
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