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I am to inherit a portion of an annuity from my brother who
I am to inherit a portion of an annuity from my brother who lived in Texas. How will it be taxed … read more
Lev
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My mother passed away 3 years ago she left a little money
My mother passed away 3 years ago she left a little money for us (her 4 siblings. I received about 60.000 and about 30,000 in bonds I cased in the remainder last year. Do I have to pay taxes on this i… read more
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My minor son is the beneficiary of an annuity left by my
My minor son is the beneficiary of an annuity left by my deceased mother. The value of the annuity is approximately $14,000. Our intent is to roll that into a UTMA account. The distribution form is as… read more
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I hope you can help me with this question. My mom unfortunately
I hope you can help me with this question. My mom unfortunately recently died. She told my brother to transfer some money (it is not part of any inheritance or testament), around 65K from her and his … read more
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My mother died in 2010. I have inherited about 100,000. Do
My mother died in 2010. I have inherited about 100,000. Do I have to pay income tax on that money? I realize that there is no "inheritance tax." But I don't know about income tax. I am in the process … read more
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I was a beneficiary, in the state of California, of $20,639.05
I was a beneficiary, in the state of California, of $20,639.05 in the 2010 tax year. This was an inheritance from my deceased mother. I was told there was no inheritance tax for anything under $1,000,… read more
MequonCPA
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January of this year my Mother-in-Law passed away and I received
January of this year my Mother-in-Law passed away and I received 50% of the proceeds from two Annuities the other 50% went to her son. Question: I was informed that I would not be subject to Federal I… read more
Stephen G.
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My mother passed away recently, I have 3 brothers & 1 sister,
My mother passed away recently, I have 3 brothers & 1 sister, my Mother left some small Annuitys, IRA's and a Trust Fund. Are all these items taxable? Do we as individuals have to pay any Federal & St… read more
Merlo
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MY MOTHER WHO LIVES IN MISSISSIPPI HAS 4 ANNUITIES. 1 IS FOR
MY MOTHER WHO LIVES IN MISSISSIPPI HAS 4 ANNUITIES. 1 IS FOR HER GRAND CHILDREN UPON HER DEATH. THE OTHER 3 ARE FOR HER 3 KIDS TO DIVIDE AT HER DEATH. SHE HAS 1 BIG ONE THAT SHE HAS NEVER DRAWN FROM. … read more
Merlo
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I inherited some money from 1) a Roth IRA 2) a traditional
I inherited some money from 1) a Roth IRA 2) a traditional IRA 3) a CD 4) an annuity. All of the above accounts were in my mother's name as the accountholder. I am listed in her will as being one of 2… read more
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MY MOTHER-IN-LAW INHERITED MONEY FROM HER SISTER. WE ARE TRYING
MY MOTHER-IN-LAW INHERITED MONEY FROM HER SISTER. WE ARE TRYING TO FIND OUT HOW MUCH SHE WILL HAVE TO PAY IN TAXES ON APPROXIMATELY $31,000.00.… read more
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My dad passed away last month and had and IRA account. My
My dad passed away last month and had and IRA account. My portion of the account is approx. $ 46,000.00. The state of Pennsylvania has informed me that I need to pay them approx. $ 2,000.00 in state i… read more
Robin D.
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As a named beneficiary of my recently deceased mothers (a
As a named beneficiary of my recently deceased mother's (a Canadian resident) annuities(held with a Canadian Insurance Co), I recently received a check for $65k USD. I am a retired Calif resident with… read more
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My mother left me and my father a trust we just dissolved it.
My mother left me and my father a trust we just dissolved it. I need to know how much I will be taxed on the funds I received this week in a check. I want to use part of it to pay off my house but nee… read more
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I have a client who is receiving annuities for a total of ...
I have a client who is receiving annuities for a total of $181,000. From his deceased mother account, the father is still living and wants the son to have.… read more
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I will be receiving an inheritance from my mother ...
I will be receiving an inheritance from my mother's estate. She passed away in June. One of the amounts is from some mutual funds she had ( about $29000), and the remainder will come from various annu… read more
RD
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My father died in October and my sister and i are joint ...
My father died in October and my sister and i are joint executors of his estate. My father was in ill health for several years and my sister, who lived in the same city and paid his bills, is on his b… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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What is taxable on $58,000.00 CD , $50,000 left to ...
What is taxable on $58,000.00 CD , $50,000 left to adult grandchild, & $8,000 left to daughter of deceased? Optional Information: Sacramento, California Already Tried: Internet… read more
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