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    maven decarlo's Avatar
    maven decarlo Posts: 1, Reputation: 1
    New Member
     
    #1

    Mar 24, 2008, 06:31 PM
    Inheritance taxes
    I will be getting $30,000 a yr from an inheritance from my father, what kind of taxes should I expect to pay ?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #2

    Mar 24, 2008, 11:26 PM
    Just enjoy the money. You don't report it or pay any tax on it.

    For more information read: Your U.S. Tax Return: Tax on Inheritances

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