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Mark Taylor
Mark Taylor, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 991
Experience:  Certified Public Accountant
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My father left me 100,000 in his will do i have to pay taxes

Customer Question

my father left me 100,000 in his will do i have to pay taxes on it
JA: The Accountant will know how to help. Please tell me more, so we can help you best.
Customer: My father died three years ago my mother give each child 100,000 cash do we have to pay taxes on this money
JA: Is there anything else important you think the Accountant should know?
Customer: no
Submitted: 1 month ago.
Category: Tax
Expert:  Mark Taylor replied 1 month ago.

Hi, my name is Mark. I will be happy to help you with your questions. Please give me a few moments to prepare your response.

Expert:  Mark Taylor replied 1 month ago.

What state do you live in? From a federal standpoint you would not have to pay taxes on the inheritance of $100,000.