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    bee0424's Avatar
    bee0424 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 7, 2009, 04:10 PM
    Inheritance tax
    I received 45,000 from a trust that was administered in the state of Michigan. Taxes were taken out of the trust before monies were distributed. Will I still have to pay inheritance tax in California for the remaining $45,00 I received?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Mar 7, 2009, 04:37 PM

    No, Estate taxes are paid by the estate not the heir.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #3

    Mar 8, 2009, 04:11 AM

    There is no federal inheritance tax. CA also does not tax inheritances.
    Read: Your U.S. Tax Return: Tax on Inheritances
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