Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   Trust Fund Inheritance Tax in Illinois (https://www.askmehelpdesk.com/showthread.php?t=428628)

  • Dec 27, 2009, 10:56 AM
    demaskids
    Trust Fund Inheritance Tax in Illinois
    I've inherited a trust fund. Do I have to pay any federal or state of Illinois taxes?
  • Dec 27, 2009, 03:33 PM
    AtlantaTaxExpert
    No federal or state inheritance tax, but you will pay income taxes on the distributions from the trust.

    • All times are GMT -7. The time now is 03:18 PM.