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Retirement tax questions
- Because their estate is less than $13,610,000, there will be no federal estate tax and I won't need to file federal Form 706.
That is correct.
- Because I live in Colorado, no state estate tax or state inheritance tax will be imposed.
Also correct.
- Because the heirs live in Pennsylvanian, they might owe state inheritance taxes.
No. The PA inheritance tax applies to decedents who were residents of the state at the time of their deaths or owned tangible personal property in the state.
‎July 27, 2024
7:38 AM