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    someday273's Avatar
    someday273 Posts: 1, Reputation: 1
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    #1

    Dec 20, 2010, 02:05 PM
    My uncle passed away leaving my $35000. Do I have to pay federal taxes?
    I see the answers to other questions and am I right? I do not need to pay taxes on my federal taxes this year?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Dec 20, 2010, 02:15 PM

    Your inheritance is not taxable - at least not by the federal gorvernment. But a few states do have an inheritance tax - tell us what state(s) you live in and your uncle lived in, and we'll check it out for you.
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