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-   -   Inheritance tax (https://www.askmehelpdesk.com/showthread.php?t=48473)

  • Dec 13, 2006, 08:54 PM
    copperhair616
    Inheritance tax
    My father recently passed away, and we received $70,000 from his estate. Do we have to pay taxes on this money?
  • Dec 13, 2006, 09:29 PM
    AtlantaTaxExpert
    Negative!

    You are well below the minimum amount that is subject to any estate tax (on the federal level) or inheirtance tax (on the state level).

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