My brother and I inherited money from our mother in Dec 05 and some of it was in a tax deffered annuity. We paid an Ohio Estate Tax and would think it's a deductible on our federal return?
Optional Information: Canton, OhioAlready Tried: On line IES FAQ
Estate taxes are paid by estate and not deductible on your personal return.
The distribution from the tax deferred annuity would be taxable in the year the distribution take.
Please let me know if any additional information needed.