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    efournier's Avatar
    efournier Posts: 4, Reputation: 1
    New Member
    		  
    #1

    Feb 11, 2009, 08:05 PM
    California Inheritance Tax
    As I understand it, California has no inheritance tax. Is this correct? I recently inherited
    17K from my mother's trust upon her death, so I'm wondering what tax ramifications this will have for me.

    Thanks!
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Feb 11, 2009, 08:31 PM

    There is no federal inheritance tax. CA also does not tax inheritances.
    For more information, read: Your U.S. Tax Return: Tax on Inheritances
    efournier's Avatar
    efournier Posts: 4, Reputation: 1
    New Member
    		  
    #3

    Feb 11, 2009, 08:51 PM

    Thanks for your timely & helpful response.

    efournier
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