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View Full Version : Federal inheritance taxes


paulanaro
Nov 17, 2009, 06:33 PM
Total value of brother's estate is $125,000 and consists only of real property. There are five heirs and each will receive $25,000. There are no taxes due on the estate because it is so small. Will the heirs have to pay any federal income taxes on the money they receive?

Five Rings
Nov 18, 2009, 09:41 AM
no.