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

    Nov 7, 2010, 05:26 AM
    My father passed away in Texas in 2010 and left me 800.000
    I live in Florida. Do I have to pay an Inheritance tax in Florida?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Nov 8, 2010, 06:42 AM

    No - there is no inheritance tax in FL. And although you didn't ask: there is also no inheritance tax in TX. Hence you have no tax issues on your inheritance to worry about.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Nov 8, 2010, 08:45 AM
    No taxes will be owed at the federal level, because, for 2010, there effectively is NO federal estate taxes.

    The $880K is probably below the minimum tax level for any Florida estate taxes, and I do NOT believe that Florida has any inheirtance tax. You should call the Florida state tax department to be sure of that. A simple phone call should do.
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