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saul pagan
Feb 15, 2010, 03:19 PM
I inherent 140,000.00dlls, from wife, she died! Do I pay state/federal taxes to California?

saul pagan
Feb 15, 2010, 03:21 PM
Do I pay California state or federal taxes in inherance of wife leaving me 140,000.00dlls.

saul pagan
Feb 15, 2010, 03:24 PM
Do I have to pay taxes federal or state in wife inherence to me... meaning money left.. willed?

ebaines
Feb 15, 2010, 03:51 PM
Hello saul. I'm sorry for your loss. You have no estate nor ineritance tax issues to worry about. Neither the US nor the state of California tax estates when a spouse dies and leaves the estate for the other spouse.