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

    Apr 21, 2009, 02:37 PM
    Inheritance taxes?
    I live in Ky. And have a friend that inherited $10.000. She has not told her husband about this money. Will she be charged any taxes for this sum?:eek:
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
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    #2

    Apr 22, 2009, 02:12 AM

    There is no federal tax on inheritances. It is not an income.
    Read: Your U.S. Tax Return: Tax on Inheritances
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Apr 22, 2009, 09:24 AM
    Your friend MAY want to check with the Kentucy tax department to see if there are any STATE inheritance taxes.

    I doubt it, but I do NOT practice in Kentucky, so I do not know for sure
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