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  • May 29, 2013, 05:00 AM
    kenelson1
    Taxes on Inherited Money
    I received an inheritance check from my mother's estate in Kentucky. I live in Florida. Do I have to pay taxes on this money?
  • May 29, 2013, 05:47 AM
    ebaines
    No - neither Florida nor the US impose an inheritance tax so this is tax-free to you. And FYI: if federal or KY estate tax was owed it would have been paid by the executor out of the funds in your mother's estate before this distribution was made to you.

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