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Get your taxes done using TurboTax
Hi @robbrewer12 !
In California, there is no state-level estate or inheritance tax. If you are a California resident, you do not need to worry about paying an inheritance tax on the money you inherit from a deceased individual. If the inheritance produces income, there may be a tax obligation. Here is a good reference:
https://www.ftb.ca.gov/file/personal/income-types/gifts-and-inheritance.html
Hope this helps!
Cindy
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‎June 28, 2023
2:29 PM