Inheritance tax due?

Question

Jul 28, 2009, 03:32 PM

vfields91741

New Member

Join Date: Jul 2009

Posts: 1

Inheritance tax due?

My grandparents passed away and left 2 cds totally $35,00.00 to my sister. The cds were listed under my grandparents name and then my sister's name upon their death. She did withdraw the money, but our question is does she have to pay any taxes on this money that was taken out. Or does she just have to worry about the interest? We are located in California. Thanks

Answers

Jul 28, 2009, 09:20 PM	#2

MukatA Tax Expert Join Date: Nov 2007 Location: CA Posts: 4,640	There is no tax on inheritances. Interest earned on CDs after death of grandparents is income on your sister.

Similar Sponsors

Thread Tools

Show Printable Version

Email this Page

Similar Threads

Inheritance law
(4 replies)

CA Inheritance Law
(2 replies)

inheritance
(5 replies)

Search this Thread

Advanced Search

Bookmarks

Digg
del.icio.us
StumbleUpon
Google



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. Sign Up!