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how much inheritance tax on $3,000,000 dollars to a ...

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how much inheritance tax on...
how much inheritance tax on $3,000,000 dollars to a single person with no dependents?
Submitted: 10 years ago.Category: Tax
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12/11/2007
Tax Professional: MequonCPA, Certified Public Accountant (CPA) replied 10 years ago
MequonCPA
MequonCPA, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 2,342
Experience: CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.
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DearCustomer-

As a beneficiary you would receive your inheritance after taxes were paid. If the value of the net estate is $3,000,000 and there were no lifetime gifts, the federal estate tax would be $450,000. There may also be a state estate/inheritance tax.

MequonCPA
MequonCPA, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 2,342
Experience: CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.
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MequonCPA
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