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    MOPARDOG's Avatar
    MOPARDOG Posts: 2, Reputation: 1
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    #1

    Jul 27, 2012, 12:10 PM
    Inheritance tax
    Can federal tax be charged on a diversified bond that was a inherantance
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jul 27, 2012, 12:27 PM
    No, not on the value of the bond itself.

    However, once the bond is transferred to the heir, then income tax can be assessed on the interest that the bond is earning.
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