Taxes on inherited annuities

My father passed away in 2005 and bequeathed his annuity to me and my sister. The funds (approximately $16,000 each) were distributed in 2006 and his estate paid the Federal and Colorado State taxes on it before my sister and I received our share. Because I deposited the entire amount into the...

I inherited property from step mother who had life estate of property which belonged to my father. My brother had allready past away but had two daughters so I received 1/2 and they 1/4 each. Do I have to figure taxes on my half? Do I have to pay taxes on it or report it on my taxes? Thanks for...

My father died and left property in trust for my mother, my brother and I. (40 years ago.) My mother dies in 1989, and the property transferred to my brother and I. The trust was dissolved in 1994. I have paid taxes on this property continuously. The property value has increased 10x. It...

My brother and I were beneficiary of an annuity. I understand we pay taxes on the taxable amount listed in box 2a of the 1099. My question is... Do I treat this as income adding it to myearned income and possibly raising my tax bracket, or do I pay taxes based on the earned income bracket? ...

My siblings and I inherited our parents house after their death. It was in poor condition. We had it appraised for $132,000 and sold it for $125,000. Do we owe any federal income tax on it? All I have read so far indicates that we do not. But, how to we file, since the mortgage company that...