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I received an inheritance from my mother in the amount of
I received an inheritance from my mother in the amount of 12,600. The money was from an annuity my mom had purchased. This money is interest earned from the annuity. Am I obligated to pay taxes on thi… read more
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I actually have a Tax question. Federal Income Tax, State.
I am wondering about tax liability on a small inheritance from my mother.… read more
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My name is ***** *****. I have some questions dealing with a
My name is ***** *****. I have some questions dealing with a life insurance proceeded received due to death of my mother and whether it is taxable. … read more
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#1 I am receiving SS only. Should I be filing taxes? #2
#1 I am receiving SS only. Should I be filing taxes? #2 I will be receiving money from my deceased mother's annuity account in the amount of $58,000. Do I need to file for that, and what if so is the … read more
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My grandfather passed away in may of 2014, he had a living
My grandfather passed away in may of 2014, he had a living trust which left his estate equally to 4 heirs, we are in the process of trying to put it up for sale, the estate is paid off and property ta… read more
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I was the trustee of an inherited trust, that was distributed
I was the trustee of an inherited trust, that was distributed in Feb. 2013, after my mother'a death on 12/12/2012. The money in the IRA had taxes paid on it, because most of the money in the trust IRA… read more
PDtax
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My father died and all his estate consisted of was a bank account,
My father died and all his estate consisted of was a bank account, stock account, and an annuity. The bank account and stock account also listed me as owner. The annuity listed me as beneficiary. I ma… read more
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This is all taking place in Virginia. I am the trustee of my
This is all taking place in Virginia. I am the trustee of my fathers trust which consists of about $130K from the sale of his home before he passed which resides in a checking account named "The trust… read more
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I am in California. My mother passed away in April of this
I am in California. My mother passed away in April of this year. She has a BofA 12month Featured IRA in the amount of about $17,000. I have just filed a claim for it via a Small Estate Affidavit since… read more
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Lev
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My husband and his brother are equal death beneficiaries to
My husband and his brother are equal death beneficiaries to a nonqualified annuity of his mother. It was a single premium purchase of $90,000. for a 3 year term certain. In less than a year after sett… read more
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Did you get my last question re: annuties and cost basis? I
Did you get my last question re: annuties and cost basis? I seem to not get how this works sometimes- you answer and then they immediately ask for feedback and my ongoing question gets eaten??… read more
FredStevens
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My mom passed in 2008. She had an annuity, cd, and some small
My mom passed in 2008. She had an annuity, cd, and some small stocks. Probate was finished in 2009. My brother and I split 50/50 and two nieces got $1000 a piece. My brother and I each got about $8900… read more
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I will be inheriting a small amount of cash (under $100,000)
I will be inheriting a small amount of cash (under $100,000) from my stepmother who passed away earlier this year. Will I owe taxes on this money and if so, approximately how much? I live in Illinois.… read more
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My sisters and I are the trustees of my mothers irrevocable
My sisters and I are the trustees of my mother's irrevocable trust. Presently her trust pays 100% of its income from the stocks that it holds to my mother for her support. These stocks were in a revoc… 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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My father died before I turned 18 and I received several social
My father died before I turned 18 and I received several social security payments. I got a notice in the mail saying I owe a large amount of money because I did not include these benefits on my tax re… read more
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In 2006, after the death and probate of my mothers will,
In 2006, after the death and probate of my mother's will, I inherited a trust (held in Penn) of less than $200,000. That trust was liquidated and immediately invested in Mutual funds. Later, I withdre… read more
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My mom died and had a living trust with some Annuities. I ...
My mom died and had a living trust with some Annuities. I received the death benefit ($90k, her initial investment was $40k) for the annuity. Do I need to report the income and on what form? I was tol… read more
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