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-   -   Inheritance (https://www.askmehelpdesk.com/showthread.php?t=52689)

  • Jan 6, 2007, 07:26 AM
    macdonald
    Inheritance
    What is the tax structure for Federal Taxes on inheritance taxes when you receive money from someone's will?
  • Jan 6, 2007, 08:53 AM
    ScottGem
    What do you mean by "tax structure". An inheritance is an inheritance whether by will or not. Under federal law the first 2 million is not taxable.
  • Jan 6, 2007, 09:18 AM
    macdonald
    Quote:

    Originally Posted by macdonald
    What is the tax structure for Federal Taxes on inheritance taxes when you receive money from someone's will?

    Yes, it helped. May I ask where you got your answer from?
  • Jan 6, 2007, 09:18 AM
    macdonald
    Quote:

    Originally Posted by macdonald
    Yes, it helped. May I ask where you got your answer from?

    Debe
  • Jan 6, 2007, 10:50 AM
    ScottGem
    Indirectly the tax law. But I've read of that limit in various places during my travels. I think there are probably a couple of threads here where its discussed.
  • Jan 8, 2007, 02:14 PM
    AtlantaTaxExpert
    The limits is located in the Internal Reveue Code. You can also get it from Internal Revenue Service.

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