Skip to main content
TurboTax
Community
TurboTax
TurboTax
anamasri
Level 2
September 3, 2022
Question

I live in California and expect money inherited from a relative to be transferred to me, will I be taxed?

  • September 3, 2022
  • 6 replies
  • 35 views
Any forms to be filled out at time I receive it or is it done when filing taxes at tax time? Do I need to prove it's an inheritance?

6 replies

DoninGA
Level 15
DoninGALevel 15
Level 15
September 3, 2022

There is no California inheritance tax.

    VolvoGirl
    VolvoGirl
    Level 15
    September 3, 2022

    Depends what it's from.  Like an IRA or just from a bank account.  You may get a 1099 or K-1 to report on your return.

      Alumni - Champ
      TomD8Alumni - Champ
      Alumni - Champ
      September 4, 2022

      At present (2022) only 6 states have an inheritance tax, but when one exists the tax is imposed by the state where the deceased lived, not by the state where the beneficiary resides.

      The six states are: Iowa, Kentucky, Maryland, Nebraska, New Jersey, and Pennsylvania.

      **Answers are correct to the best of my ability but do not constitute tax or legal advice.
      anamasriAuthor
      Level 2
      September 27, 2022

      Thanks for your feedback.

      This money would be coming from a foreign country, does that make a difference? 

      I understand your statement about the State tax situation, how about Federal taxes?

      Alumni - Champ
      TomD8Alumni - Champ
      Alumni - Champ
      September 27, 2022

      @anamasri --

       

      There is no federal tax on a foreign inheritance.  However, if the amount received is more than $100,000, then you must file IRS Form 3520.

      https://www.irs.gov/pub/irs-pdf/f3520.pdf 

      **Answers are correct to the best of my ability but do not constitute tax or legal advice.
      TurboTax flag icon

      Unlock tailored help options in your account

      Create an account
      TurboTax Expert Assist
      TurboTax Expert

      Get answers to all your tax questions

      Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

      Explore your options
      Terms & ConditionsAccessibility statement
      Sitemap
      Intuit
      TurboTax Credit Karma QuickBooks MailChimp

      ©1997-2026 Intuit, Inc. All rights reserved.
      Intuit, QuickBooks, QB, TurboTax, Credit Karma, and Mailchimp are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

      Security Certification of the TurboTax Online application has been performed by C-Level Security.

      By accessing and using this page you agree to the Terms of Use.

      About Cookies Manage cookies

      TRUSTe nResult Certified e-File C-Level Security Certification
      Intuit
      TurboTax Credit Karma QuickBooks MailChimp

      © 2026 Intuit Canada ULC or its affiliated companies. All rights reserved. Intuit, QuickBooks, QB, TurboTax and ProFile are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

      Copyright © Intuit Canada ULC, 2026. All rights reserved.

      About Cookies Manage cookies

      Intuit
      TurboTax Credit Karma QuickBooks MailChimp

      © 2026, Entreprises Intuit Canada ULC ou ses sociétés affiliées. Tous droits réservés. Intuit, QuickBooks, QB, TurboImpôt et ProFile sont des marques déposées d’Intuit Inc. Les modalités, prix, fonctions et options de service et de soutien peuvent changer sans préavis.

      © 2026, Entreprises Intuit Canada ULC. Tous droits réservés.

      À propos des témoins Gérer les témoins