Welcome to the site. I'm PDtax, and will be helping you today.
Kansas does have an inheritance tax, but it is paid by the estate, not the recipient. That is a recent tax law change (2010).
Where you are doesn't matter. The estate will pay the taxes if a tax is due, and liquidate assets or distribute them outright to beneficiaries. You don't have a tax to pay. The estate may not have a tax to pay at all, depending on the size of the estate.
Sorry, I got some bad information initially. Kansas repealed its estate tax for 2010 and years after that (http://www.ksrevenue.org/taxnotices/notice10-07.pdf). No tax will be due by you or the estate on your 2013 inheritance.
Hi, sorry for responding so late.. had to go to sleep
Just to make sure I understand correctly. Kansas does have an inheritance tax, that is paid by the estate.
Kansas does not have an estate tax. after 2010.
back to the question regarding inheritance tax. I am next trustee. I live in Arizona. Have income from Kansas. and other areas. tax was filed in Kansas because of the amount of income received. Yes the estate would pay the inherence tax. Would it be better for me to file in Arizona where there is not inheritance tax?
Hi to continue on with which state to file in.
If I filed in Arizona, would not the Kansas property get an step up in value any way?
I am decedent's daughter. we live in same state.
would not the Kansas property receive a step up in value when she passes no matter what state the taxes are filed in.