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-   -   Does California have a tax on receiving an inharitance. Also do you have to pay feder (https://www.askmehelpdesk.com/showthread.php?t=627573)

  • Jan 13, 2012, 11:45 PM
    needing_help
    Does California have a tax on receiving an inharitance. Also do you have to pay feder
    My grandmother just left me some money after passing away. Do I need to pay taxes on that money to the feds and the state of ca?
  • Jan 14, 2012, 05:35 AM
    MukatA
    There is no federal inheritance tax. Also CA does not have inheritance tax.
  • Jan 19, 2012, 09:28 AM
    AtlantaTaxExpert
    There MAY be estate taxes if your mother's estate is large enough, but the estate pays those taxes BEFORE distributing assets to the heirs.

    It is likely your mother's estate is not large enough to have to pay an estate tax to either California or the IRS.
  • Jan 19, 2012, 08:54 PM
    needing_help
    Thank you for your answer they are very helpful.
  • Jan 19, 2012, 08:54 PM
    needing_help
    Thank you for your answer they are very helpful.
  • Jan 19, 2012, 09:01 PM
    needing_help
    Thank you for your anwers they are very helpful.

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