tokmom
Feb 14, 2009, 06:13 PM
Hello,
I will be inheriting 100,000 from a deceased uncle. I live in WA state and we have no state income tax. All the rules and regulations regarding what is taxed is mind boggling.:confused:
I'm trying to find out what the percentage owed will be on the 100,000 for federal taxes. I'm assuming as WA state has no state income tax that I won't owe the state? My uncles estate was worth 3 million if that helps.
Once I receive the monies, do I pay the tax right away? I'm completely lost so any help would be invaluable.
Thanks!
I will be inheriting 100,000 from a deceased uncle. I live in WA state and we have no state income tax. All the rules and regulations regarding what is taxed is mind boggling.:confused:
I'm trying to find out what the percentage owed will be on the 100,000 for federal taxes. I'm assuming as WA state has no state income tax that I won't owe the state? My uncles estate was worth 3 million if that helps.
Once I receive the monies, do I pay the tax right away? I'm completely lost so any help would be invaluable.
Thanks!