My wife's grandmother recently passed away in IL. We live in WI and received some money from her estate. I know that WI has no inheritance tax but because the money is coming from IL, is there anything I need to do at tax time?
Thanks.
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My wife's grandmother recently passed away in IL. We live in WI and received some money from her estate. I know that WI has no inheritance tax but because the money is coming from IL, is there anything I need to do at tax time?
Thanks.
"Illinois inheritance tax no longer exists." Illinois Inheritance Tax
And, as you may know, any state or Federal estate tax is the responsibility of the probate estate.
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