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-   -   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.

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