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View Full Version : Inhertiance federal taxes


vernafec
Jan 19, 2010, 10:40 AM
My husband received $11K from an inheritance from his uncle. It originally was to go to his father but since his father is deceased it trickled down to the children. Will we have to claim that on our federal tax return?

ebaines
Jan 19, 2010, 10:43 AM
No - inheritances are not taxed by the federal government. Depending on what state you live in, you may have to investigate whether any inheritance tax is owed your state.