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Does California have an inheritance tax?
I just recieved an inheritance check. Is this taxable in California?
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June 4, 2019
12:30 PM
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Get your taxes done using TurboTax
Is there inheritance tax in California?
If someone dies in California with less than the exemption amount, their estate doesn't owe any federal estate tax, and there is no California inheritance tax. The heirs and beneficiaries inherit the property free of tax. They don't pay income tax on it, either, because inherited property is not ordinary income.
June 4, 2019
12:30 PM
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I just read your link about the exemption amount so please disregard my question and THANK YOU! re How much is the exemption in 2019 for California?
August 19, 2019
9:11 PM