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    soliver120's Avatar
    soliver120 Posts: 1, Reputation: 1
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    #1

    Jun 12, 2008, 10:11 AM
    Income tax
    Do you pay taxes on an inheritance? Some of the money is from an annuity/
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jun 12, 2008, 12:33 PM
    Negative.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #3

    Jun 12, 2008, 07:35 PM
    There is no tax on inheritances. Even for the annuities you do not have any inheritance tax, but if the annuities were taxable income for the deceased, it is taxable income for you.
    Read this
    Your U.S. Tax Return: Tax on Inheritances
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