Ask Experts Questions for FREE Help !
Ask
    mab6750's Avatar
    mab6750 Posts: 1, Reputation: 1
    New Member
     
    #1

    Jul 14, 2010, 02:58 PM
    Will improvmnts made to house I will inherit affect inheritance tax
    Will improvmnts made to house I will inherit affect inheritance tax
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
    Expert
     
    #2

    Jul 14, 2010, 03:02 PM

    Valuation of the house, for the purpose of inheritance tax, would be as of the date of death of the decedent.

    Did you make the improvements?

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

House inheritance/property tax [ 1 Answers ]

California-We have lived with my husband's parent for 22 years and currently their will states that at the time of their death the house is to be sold and the equity divided up equally between the four children. His parents do not currently have a mortgage on the house. We would like to buy the...

I will inherit My Mothers tax deferred IRA will I have to pay taxes to IRS [ 1 Answers ]

I live in Florida, amount will be less than 50,000.

Does bankruptcy affect my inheritance? [ 1 Answers ]

My brother declared himself bankrupt in August 2007, since then my mother has passed away leaving a property, the property has got to be split between the four of us how does this leave my brother

How does the US/India tax treaty affect the state tax refund? [ 3 Answers ]

The people who make International Student Taxes have put a special resource page for Indians. International Student Taxes | Resources | Students from India I am stuck on a point in this page. To quote: "2. If you took the standard deduction last year, do not put anything on Line 4 of...

How long do I have to wait befour I can inherit a house after bankruptcy [ 1 Answers ]

I have inherited a house. Filed for bankruptcy 2 years ago do I have too payback debtors


View more questions Search