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I got a inheritance from my father after my stepmother had…

I got a inheritance...

I got a inheritance from my father after my stepmother had passed.he had a living will for her he had it divided in half to her 2 children and his 5 children.what I need to know is about the taxes on the amount I got.

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Answered in 1 minute by:
3/15/2018
Carter McBride
Carter McBride, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 1,311
Experience: Adjunct Professor
Verified

Hey! I'm Carter, I'm a CPA and can help you out.

You do not pay taxes on any amounts you receive in inheritance. That passes to you tax free.

Let me know if you need anything else. If not, please leave a rating. Thanks!

Carter McBride
Carter McBride, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 1,311
Experience: Adjunct Professor
Verified
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