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having received a check from My Mothers estate, do I have

having received a check from...
having received a check from My Mother's estate, do I have to pay taxes on that?
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Answered in 4 minutes by:
11/1/2012
Richard
Richard, Tax Attorney
Category: Tax
Satisfied Customers: 55,791
Experience: 29 years of experience as a tax, real estate, and business attorney.
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Welcome! My goal is to do my very best to understand your situation and to provide a full and complete answer for you.

Good morning. No...this will not be taxable. The North Carolina has no inheritance tax; there is an estate tax but it has an exemption of $5,120,000 ...which is the same as the Federal exemption. You wouldn't owe the estate tax in any case and there is no inheritance tax.



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Richard
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