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

    May 21, 2008, 07:34 AM
    Inheritance Tax- Federal and CA State
    I was recently awarded a $5.7million inheritance from a late uncle (all cash) and am curious of what the inheritance tax will be on such a large sum. I live in CA, but he lived in OR. If anyone can answer or direct me to where I can find the information, it would be appreciated. The internet has many conflicting answers and this is not anything I am familiar with. Your help is appreciated.
    cdad's Avatar
    cdad Posts: 12,700, Reputation: 1438
    Internet Research Expert
    		  
    #2

    May 21, 2008, 01:15 PM
    You really need to ask a tax lawyer or a certified EA ( tax expert ) as to what your liabilities will be.
    stinawords's Avatar
    stinawords Posts: 2,071, Reputation: 150
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    #3

    May 21, 2008, 02:09 PM
    You need to talk to an accountant. I could tell you exactly how everything would go down in my state but that really wouldn't do you any good because California is different.
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